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SGX axes gold futures contract as trading grinds to a halt

Large contract size, unfortunate timing cited; but Singapore's physical gold trade shows robust growth

Published Wed, Mar 7, 2018 · 09:50 PM

Singapore

THE Singapore Exchange (SGX) has quietly pulled its gold futures contract, citing low trading interest, even as physical gold trading activity in the country rose in recent years.

The contract's large size was more suited for large players like banks, which have largely exited the sector as their balance sheets come under scrutiny, said industry players.

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