Chinese Gold Futures Trades Reach $217.9 Billion
According to the China Mining Association, “China’s futures transactions in 2008 hit a record high of 71 trillion yuan, including 1.49 trillion yuan for the newly listed gold futures contracts.” Based on recent exchange rate that’s $217.9 billion U.S. According to the statistics, 2008 saw “1.36 billion lots traded with an accumulated value of 71.9 [...]
