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Gold futures relaunched in Hong Kong

Posted on 21 October 2008

From Xinhuanet.com: Gold futures market was reopened in Hong Kong on Monday after being suspended for a decade. Globally, gold has increasingly been in the headlines as a safe harbor amid these turbulent times, with the price more than doubling in the past five years.

“This is an ideal time to have gold futures in Hong Kong not only because of the interest in the commodity, but also because of the greater volatility we are seeing in its price,” said Ronald Arculli, chairman of the Hong Kong Exchanges and Clearing Limited (HKEx), at the opening ceremony…… Full Article: Source


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