Moscow Exchange to launch deliverable gold futures in 2018

Discussion in 'Gold' started by JulieW, Dec 24, 2017.

  1. JulieW

    JulieW Well-Known Member Silver Stacker

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    Slowly but surely:


    MOSCOW, Dec 21 (Reuters) - The Moscow Exchange will launch deliverable futures for gold in 2018 in a move to further prop up bullion market liquidity, bourse chief executive Alexander Afanasiev said on Thursday.

    These deliverable futures will be denominated in roubles and the weight will be measured in grams, said Igor Marich, who oversees the bourse’s money and derivatives market.

    The Moscow Exchange, previously known as Micex-RTS, is developing its infrastructure amid a Kremlin-backed bid to make Moscow one of the world’s leading financial hubs.

    Earlier this year the Moscow Exchange let the central bank buy gold for its reserves on its spot market.

    Marich said liquidity on the bourse’s gold market has increased this year with the help of the central bank and is seen rising further as it expects more gold producers to trade on the Moscow Exchange. (Reporting by Andrey Ostroukh; editing by Jason Neely)

    https://www.reuters.com/article/rus...eliverable-gold-futures-in-2018-idUSL8N1OL2UF
     
    JulieW, Dec 24, 2017
    #1
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  2. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    Yeah Brics is going to stick it up the manipulaters bum soon.
     
    Skyrocket, Dec 25, 2017
    #2
  3. JulieW

    JulieW Well-Known Member Silver Stacker

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    2018 looking bullish for gold.
     
    JulieW, Dec 25, 2017
    #3
  4. alor

    alor Well-Known Member Silver Stacker

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    alor, Dec 25, 2017
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  5. alor

    alor Well-Known Member Silver Stacker

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    alor, Dec 25, 2017
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  6. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    With more of the same deliverable gold futures as currently trades on COMEX? ;)
    To "prop up bullion liquidity", "with the help of the central bank"? :eek:
    Given the well-entrenched sentiment here, I don't get your enthusiasm?
    Sometimes I think it is just stacker-trendy to be anti-US/COMEX. :p
     
    wrcmad, Dec 25, 2017
    #6
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  7. tolly_67

    tolly_67 Well-Known Member

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    Yes....the 'supply' side of gold is just fine.............we need to work on the 'demand' side of things first.
     
    tolly_67, Dec 25, 2017
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  8. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    But who but banks and government wants delivery of tones of gold.
    I prefer paper gold.
     
    Ipv6Ready, Dec 25, 2017
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