Starting today, China will stop offering retail paper gold and leveraged gold trading. Physical gold is untouched — but millions of retail traders now have to close their positions, sell up, or take delivery. Beijing calls it investor protection, after gold's wild swings this year caught a lot of leveraged traders off guard. We speak to Christopher Wong, Precious Metals Strategist at OCBC Bank, to unpack what the clampdown actually changes — and what it signals about where gold goes from here.


Image Credit: Shutterstock

Starting today, China will stop offering retail paper gold and leveraged gold trading. Physical gold is untouched — but millions of retail traders now have to close their positions, sell up, or take delivery. Beijing calls it investor protection, after gold's wild swings this year caught a lot of leveraged traders off guard. We speak to Christopher Wong, Precious Metals Strategist at OCBC Bank, to unpack what the clampdown actually changes — and what it signals about where gold goes from here. Image Credit: Shutterstock

Opinion and analysis of today’s international and local news that matter to Malaysians. Everything you need to know to start and plan your work.

Opinion and analysis of today&rsquo;s international and local news that matter to Malaysians. Everything you need to know to start and plan your work.