For the first time, Lease Mill, CEO of the Dubai Gold and Commodities Exchange (DGCX), expected the exchange to launch a mini gold contract product for investors and individual dealers by the end of this year for the first time. He said that the new product is the next step on the road to strengthening the stock market portfolio of precious metals in light of its focus on expansion in the UAE and the GCC region.
He drew not a tendency that the current group of bullion products on the stock exchange currently includes gold and silver futures, and quanto contracts, in addition to the spot gold contract, which was launched recently, It is the first of its kind in the region and the only one that is compatible with the provisions of Islamic Sharia in the world, and which has witnessed strong demand. He expected gold contracts to attract more people to investors, and lure small dealers in the region, who tend to refrain from taking risks, according to Al Bayan newspaper.
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