CME group launch Gold contract, begin to trading gold contract Jan 26 and now it is pending review in all regulatory, This Gold contract via delivered physical gold.
Gold contract listed in familiar structure benchmark 100 troy ounce gold contract in COMEX. Gold Future contract listed in COMEX, listed below existing precious metal products.
This Gold Future contract(Hong kong) provide delivery access round clock price for asian gold market, Hong Kong market tied directly to gold price 9999.
CME Group Executive director Mr Harriet Hunnable said the Gold kilo future contract id a complement familiar product benchmark 100 troy ounce below precious metals.Precious risk management instrument for Hong Kong physical market and exposure to regional price formation.