Shanghai Gold Exchange pushes more Chinese banks to end retail leverage trading - scmp.com
Shanghai Gold Exchange pushes more Chinese banks to end retail leverage trading - scmp.com
Source: scmp.com
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DW NOTE
The Shanghai Gold Exchange doesn't shut down retail leverage on safety grounds — it does so when too many citizens are winning bets against official currency policy. Gold is down 19.3% from January but still up 126% since 2020. That's not a bubble popping, that's a population hedging renminbi debasement faster than the PBOC can print.