Merc is the ninth exchange to launch a gold contract in the region
Competition over Asia’s gold market is set to
intensify after CME Group announced it will launch a gold
contract for Hong Kong, becoming the latest exchange to tap
into rising demand for gold in the Far East.
A spokesperson for the Merc confirmed it will launch a one
kilogram bar futures contract on its Comex platform, which will
be physically-delivered to Hong Kong at three exchange-approved
vaults and directly tied to the price of bullion of 99.99%
purity in Hong Kong.
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