HIGH DEMAND: We cannot guarantee our usual delivery service. Orders will be dispatched within 1-3 working days.

Open menu Close menu Menu
Open charts menu Close charts menu Charts

Call us: 0121 634 8060, 7 days, 7am - 10pm

Free Insured Next Day Delivery

Ounce Gram
Gold £1273.11 £40.932
Silver £14.134 £0.4544

Updated 15:26 25/02/20

£ $

CME to launch physically settled Asian gold future contracts


Victoria Hewitt-Marsh, News Editor
25 Apr 2014, 10:47 a.m.

The CME Group plans to launch a physically deliverable gold futures contract in Asia, with the objective of targeting increasing investor demand in the world’s top gold buying region.

Once implemented it would enable the CME group to establish a pricing reference point for gold futures in Asia, in the same way that the COMEX gold contract currently establishes the benchmark for gold bullion futures contracts globally.

The CME’s COMEX contract is commonly used as a hedging mechanism for refiners and jewellers and in most circumstances the contracts are settled in cash.

Industry insiders are predicting that the contract will likely launch in either Singapore or in Hong Kong, with the smallest contract starting at 1 kilogram.

View original source at: www.bloomberg.com

comments powered by Disqus