China gold exchange gains traction as yuan reforms stir interest

``China's planned global gold exchange has signed up more members than targeted, as foreign banks and trading houses seek direct access to the world's top physical gold consumer and to test out reforms allowing them to trade commodities in the yuan currency. The strong response from foreign players will boost efforts by China - also the world's biggest producer of gold - to gain pricing power over the metal and to challenge the dominance of London and New York in trading.''