Malaysia Starts Gold Futures Trade as Investor Demand Grows
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Malaysia’s first gold futures contract will start trading on Oct. 7 to meet investor demand, according to the head of the country’s derivatives exchange.
Gold will continue to be volatile and the 100-gram, ringgit-denominated contract will allow investors to trade without worrying about currency fluctuations, Chong Kim Seng, chief executive officer of Bursa Malaysia Derivatives Bhd., said in an interview. Bullion for delivery up to one year will be cash settled and benchmarked against the London fixing, he said.