CHI­NESE GOLD RUSH

7 Days in Dubai - - BUSINESS -

The Dubai Gold and Com­modi­ties Ex­change (DGCX) has ob­tained a li­cence from the Shang­hai Gold Ex­change (SGE) to list Shang­hai Gold Fu­tures on its ex­change. 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 list­ing will cre­ate fur­ther eco­nomic co­op­er­a­tion be­tween China and Dubai through the pre­cious met­als trade. Cur­rently, DGCX bul­lion prod­ucts of­fer­ing in­clude Spot and Fu­tures Gold con­tact and an In­dian Gold Quanto Fu­tures.

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