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06.07.26 - 14:42
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Hong Kong US dollar gold futures trading hits record high ahead of clearing system launch (SCMP)
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Hong Kong's gold futures trading has surged on the back of a fee waiver and as the city government presses ahead with plans to become an international trading hub for the precious metal, with volumes breaking a record on Monday.
A total of 6,676 US dollar gold futures contracts were traded during the day session, surpassing the previous high of 3,039 contracts recorded in November 2022, Hong Kong Exchanges and Clearing (HKEX) said in a LinkedIn post on Monday.
Bid-ask spreads for active contract......
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