CME starts gold futures in HK
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Singapore
CME Group Inc started physically delivered kilobar gold futures in Hong Kong as it joins a slew of other exchanges vying to establish new price benchmarks in the biggest consuming region.
The contract listed on the Comex is tied directly to the price of bullion of 99.99 per cent purity in Hong Kong and will be physically delivered to vaults in the special administrative region. CME, owner of the largest futures exchange, said in September that trading may begin in the fourth quarter of 2014.
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