Physical gold settlement on offer for gold futures
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Thailand Futures Exchange (TFEX) and seven gold futures brokerage houses have launched a joint initiative to boost gold futures trade.
From now, investors can settle their expired contracts for physical gold. This will be applied with contracts issued in August onwards.
So far, investors can settle for cash only.
"It's an alternative to investors, gold shops and others who can use gold futures in determining the desired future gold prices, without having to pay in full. The physical gold settlement should enhance flexibility and help them better balance their risk appetite," said TFEX managing director Kesara Manchusree.
