US
gold futures settled down 0.1% at $1,426.70 per ounce.
BANKING AND CREDIT NEWS-June 25, 2019-CME Group, Shanghai Gold Exchange to launch new
gold futures contracts
M2 EQUITYBITES-June 25, 2019-CME Group, Shanghai Gold Exchange to launch new
gold futures contracts
Global Banking News-June 25, 2019-CME Group, Shanghai Gold Exchange to launch new
gold futures contracts
"While strengthening our relationship with SGE, this cooperation will create opportunities for customers who want to access China's physical gold prices alongside our COMEX
Gold futures and options," said Derek Sammann, Senior Managing Director, Global Head of Commodity and Options Products, CME Group.
There is a strong desire to own gold in the UAE, but at present it is difficult for smaller investors to buy
Gold Futures given the large size of the contracts.
gold futures for December delivery were 0.2 percent lower at $1,273.80 an ounce.
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 by 22%.
US
gold futures for August delivery gained 0.4 percent to $1,312.30 an ounce.
CHICAGO (CyHAN)-
Gold futures on the COMEX division of the New York Mercantile Exchange ended higher Friday, scoring a weekly gain of 0.7 percent as the much-anticipated monthly non- farm payrolls report showed the U.S.
Gold futures are a future contract which chooses the gold as subject, and it is a standardized protocol that the seller and the buyer agree to deal in a specific time in the future based on their agreement.
