The benchmark gold future
price soared to an all-time high of 4,568 yen per gram in trading on the Tokyo Commodity Exchange on Friday, topping 4,500 yen for the first time, reflecting increased uncertainties over the global economic outlook, the exchange said.
It will be the first yuan-denominated gold future
product to be offered outside of China and it will use the Shanghai Gold Benchmark Price as its pricing mechanism.
The existing Gold Future
is a kilo contract in size.
This week DGCX also obtained a license from the Shanghai Gold Exchange (SGE) to list Shanghai Gold Futures
, the first yuan-denominated gold future
product to be offered outside of China using the Shanghai Gold Benchmark Price as its pricing mechanism.
US gold futures
for April delivery were down 30 cents an ounce at $1,330.
on the COMEX division of the New York Mercantile Exchange settled lower on Thursday as the U.
Dubai Gold and Commodities Exchange (DGCX), the region's largest and most diversified derivatives bourse, witnessed a surge in Gold and currencies trading in June, which can, in part be attributed to the recent listing of additional 'Calendar spreads' on the Exchange's Gold Futures
and G6 Currency contracts.
On Monday the CME, in response to the spike in volatility, raised the margins for initiating and holding a position in COMEX gold futures
DGCX's flagship contract, gold futures
traded 46,066 contracts in November, recording a significant growth of 22 per cent year-on-year and rising 39 per cent from last month.
Further, the company said that the first tranche of products include the following regional futures contracts, Mini ICE Brent Crude futures; One-kilo Gold futures
; Chinese Cotton No1 futures; Chinese White Sugar futures; and Chinese Renminbi futures, all of which will be settled in cash except the One-Kilo Gold futures
contract that will be physically settled, with delivery in Singapore.
CHICAGO (CyHAN)- Gold futures
on the COMEX division of the New York Mercantile Exchange ended higher Friday, scoring a weekly gain of 0.