How to trade in oil and gold futures
But, apparently, Donald Trump needs everything, not individual concessions. So, on November 13, the US Department of Commerce decided that plywood producers from China allowed dumping and received subsidies. The Bank of Russia has already signed a memorandum with Chinese counterparts on the development of mutual trade in gold.
We are discussing, within the BRICS, and at the level of bilateral contacts, the possibility of organizing a single glass, a single gold trade, "Sergey Shvetsov, the first deputy chairman of the Central Bank, said recently. Earlier, Beijing achieved the inclusion of the yuan in the list of IMF currencies, and now wants to press the dollar as a universal means of calculating oil. He is convinced that trade relations with China are unprofitable for the US America imports much more than exports to Chinaand intends to achieve a change in the situation. At the same time, he agrees that the dollar, obviously, is gradually losing its status as the main currency of exchange. According to the promulgated plans, by the end of the year on one of the Chinese how to trade in oil and gold futures exchanges may be launched trading futures for oil in RMB, and they can be converted into gold.
The second category is Chinese speculative capital, which recycles the same yuan, which is very much in China, while opportunities for their conversion into other assets are limited, says Evgeni Loktyukhov. By the end of October, shipments totaled 4. After all, when expiring a settlement futures, you can get a yuan, and already buy them gold or gold futures, or gold itself.
But it is worth remembering that China is taking its steps in the long run. The first steps to create a new gold trading system can be made next year. Therefore, a tool of this complexity is unlikely to be viable.
How to trade in oil and gold futures, if the conversion into gold is possible, it is not in the metal itself in that case, it simply will not be enoughbut in certain gold derivatives. A bunch of oil - yuan - gold can become very attractive for investors and oil-producing countries, first of all, those that to some extent conflict with the US. The market of this kind of derivatives looks quite promising, says Evgeny Loktyukhov, head of the analysis of branches and capital markets of Promsvyazbank. Deputy Foreign Minister of China Zheng Zheguan reported that China is ready to significantly expand access to the Chinese financial sector, reduce tariffs on imported cars, how to trade in oil and gold futures to relax restrictions on foreign car manufacturers on new energy carriers. And as soon as any exchange is a very pragmatic participant of trade relations, then there is not much chance of such a tool, "he believes.
At the same time, Russia is the largest oil supplier to China. Therefore, if the conversion into gold is possible, it is not in the metal itself in that case, it simply will not be enoughbut in certain gold derivatives. By the end of October, shipments totaled 4.
Analysts say that the sale of oil futures in yuan is an instrument aimed at dedolorization of both the oil market and the entire world economy. The wide conversion of petrodollars into US Treasury bonds treasuries has been and remains a vital component for the US economy. The largest trading partners of the Celestial Empire will actually have to resort to a new instrument to preserve their market share. Non-recognition how to trade in oil and gold futures market status, anti-dumping investigations are elements of this economic war. Earlier, Beijing achieved the inclusion of the yuan in the list of IMF currencies, and now wants to press the dollar as a universal means of calculating oil.