China to launch its first platinum, palladium futures

The Guangzhou Futures Exchange (GFEX) said on Tuesday that it plans to launch China’s first platinum and palladium futures contracts to offer a domestic price hedging mechanism.

The GFEX will be the first exchange to allow delivery against its contracts of platinum and palladium in a form used by the main consumers, automakers and other industrial sectors. Its contracts may also support platinum investment demand in the world’s second-largest economy.

(Reporting by Amy Lv in Shanghai and Polina Devitt in London; Editing by Christian Schmollinger)

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

China to launch its first platinum, palladium futures

By Reuters

Reuters

Reuters

Solid price gains for gold, silver after busy news weekend

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

Silver prices breach $32/oz as bullish technicals and fundamentals suggest potential breakout