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Stiff rivalry in the offing for SGX gold futures

CME, Shanghai Gold Exchange also planning launches in the near future

Shining in the East: The surge in gold demand in China has tilted the gold market towards Asia. - PHOTO: BLOOMBERG

SINGAPORE Exchange's (SGX) gold futures - due to be launched as soon as this month - are set to face fierce competition in the region. CME Group, the largest futures operator globally, will be launching a physically deliverable gold futures contract in Hong Kong in the fourth quarter of this