Although at times it feels cacophonous, the willingness of FOMC members to present their individual perspectives in speeches and other public forums provides the public with useful information about the diversity of views and the balance of opinion on the Committee. Other possibilities for improved transparency may exist.
In February and August this year, Shanghai Gold Exchange has put forward successively T+5 and deferred delivery products in addition to spot transactions. The attempts help the enterprises to fix costs, further preserve value, and avoid the uncertainties in production costs caused by price fluctuations. Currently, the deferred delivery is done on a trial basis by means of down payment.