HKMEx opens

HKMEx starts trading gold futures contract for physical delivery

The China-backed Hong Kong Mercantile Exchange offers a US dollar-denominated gold futures contract supported by bullion stored in Hong Kong's vaults, and plans to launch a renminbi-denominated contract later this year.
<div style="text-align: left;"> Gold hit a record $1,577.57 an ounce on May 2 </div>
<div style="text-align: left;"> Gold hit a record $1,577.57 an ounce on May 2 </div>
May 19, 2011

The Hong Kong Mercantile Exchange (HKMEx) started trading its first gold futures contract yesterday, responding to a surge in demand for the precious metal among regional investors during the past few years.

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