“‘The U.S. and Europe still have the pricing power, although prices are usually being affected by a number of factors, such as liquidity and overall economic conditions,’ said Yang Maijun, chairman of the Board at the Shanghai Futures Exchange, which is going to start night trading hours for its gold and silver contracts on July 5.  ‘The purpose of night trading is to help prices [on the Shanghai exchange] better connect with global prices, and to help achieve our goal of internationalizing our contracts,’ Mr. Yang told the audience at the Lujiazui Forum, an annual gathering of financial policy makers and executives in Shanghai.”

http://blogs.wsj.com/chinarealtime/2013/06/30/gold-standard-china-doesnt-set-it/

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