Shanghai’s gold ATM draws crowds as prices soar

Shanghai has introduced the world’s first “Gold ATM”.

Its attracting strong interest from residents looking to sell gold amid record-high prices.

The ATM weighs, verifies, and recycles gold with real-time pricing and instant payouts—charging a service fee of 18 yuan per gram and completing transactions in about 30 minutes.

More here if you are interested.

This article was written by Eamonn Sheridan at www.forexlive.com.