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FINANCIAL NEWS
Dubai’s DMCC to sign agricultural contracts in Q3
09 Jul 2014
(MENAFN) The Dubai Multi Commodities Centre (DMCC) plans to delay signing a spot gold contract until the third quarter to make sure that the technical aspects run smoothly, and to study possible contracts for several agricultural commodities, according to the Emirates 24/7.
The Dubai Gold and Commodities Exchange (DGCX), which already trades gold futures, was expected to launch the spot contract in June, but the chief executive of DMCC, which hosts the exchange, said on Monday a decision was taken to delay the launch.
Gautam Sashittal said: “There’s been some delay in the technology in terms of getting all the participants linked.”
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