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Sunday, 9 April 2017

Dubai exchange may launch gold contract for retail investors | Reuters

Dubai exchange may launch gold contract for retail investors | Reuters:

"The Dubai Gold and Commodities Exchange (DGCX) said on Saturday it was considering whether to launch a new spot gold contract designed to be used by retail investors and traders. The DGCX signed a memorandum of understanding with the Dubai Multi Commodities Centre, a body which facilitates commodity trade flows through Dubai, and National Bank of Ras Al Khaimah (Rakbank) to develop bullion products such as the proposed retail spot gold contract. The contract could be smaller in size than the existing DGCX Spot Gold contract, which requires physical delivery of one kilogramme gold bars and has been used by several institutional investors since its launch in 2016, the exchange said."



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