Dubai's Gold and Commodities Exchange (DGCX) could launch a spot silver contract after its first spot gold contract is offered this quarter, the head of the bourse's marketing and communications said on Tuesday (July 8).
Gold prices rose above $1,340 on Wednesday, holding onto four-month highs on uncertainty over China's economic policy moves and with weaker data raising questions about the strength of the U.S. recovery.
Investors have poured
Gold Holding, an investment holding company based in the Dubai International Financial Centre, has opened QGold, its Qatar-based subsidiary dedicated to online trading of physical gold and silver.
QGold was launched with an aim to
The Dubai Gold and Commodities Exchange (DGCX) has reported a total of more than one million contracts traded in January, up 36 per cent over December 2013.
Currencies were the primary driver this growth, with a leading volu
Dubai Multi Commodities Centre (DMCC), the region’s global gateway for commodity trade and enterprise, has launched its new responsible sourcing Market Deliverable Brand (MDB) accreditation initiative.
The initiative is desi
UAE-based bank Emirates NBD said its case study titled ‘Awesome Travelling Machine’ and its video had won two golds and one silver at the 2013 Midas Awards recently in New York.
Shortlisted in three categories at the e
Gold hovered just above a five-week low on Tuesday as traders waited for guidance on when the US Federal Reserve will begin tapering its massive economic stimulus.
Bullion has lost more than 20 per cent of its value this year as a
The major commodity sectors all saw small setbacks during the week which to a certain extent was driven by some profit-taking following rising markets during the early parts of August, a report said.
US bond yields rose to a two-y
Gold hit its highest in three weeks on Thursday as uncertainty about potential US Federal Reserve stimulus reduction kept the dollar under pressure, while holdings in the world's top gold-backed exchange traded fund (ETFs) rose.
Gold and silver should see a mild recovery over the next quarter, while the commodities sector looks set for a relatively benign near-term future, a report said.
Oil is likely to remain at current levels, struggling to push past p