Dubai’s DGCX to List Spot Gold Contract as Regional Demand Jumps
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Dubai Gold & Commodities Exchange plans to list a spot gold contract in the second quarter of next year as demand for the metal in the region increases.
The bourse, which offers gold and silver futures, is talking to local merchants and industry organizations and aims to get regulatory approval for the product by early 2014, said Chief Executive Officer Gary Anderson. Demand for bullion in Dubai expanded eightfold in the last six to 10 years, he said.