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Friday, Jan 28, 2022

Britain carves out exemption for gold clearing banks from Basel III rule

Britain carves out exemption for gold clearing banks from Basel III rule

A British regulator said on Friday that banks clearing gold trades in London could apply for an exemption from tighter capital rules due in January 2022, removing what some said was a threat to the functioning of the market.
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Sid 201 days ago
So to put it another way is that the paper gold trade will continue that drives down the price of real gold. So nothing has changed.
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