Central Japan Commodity Exchange (C-Com) will launch a US
dollar denominated gold futures contract next year, in
competition with Tokyo Commodity Exchange's (Tocom's)
C-Com says a dollar-denominated gold contract is needed, "as
the [fx] risk cannot be fully mitigated in a yen-dominated
futures market". The exchange also claimed that there has been
a rapid increase in foreign currency-denominated deposits and
other foreign exchange activity and hopes its ten-ounce gold
contract, worth around $4,000, will attract smaller retail fx
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