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The Bucharest Stock Exchange (BSE) has announced that will launch the gold futures contract at the beginning of next week. According to BSE information, the institution is currently in talks with at least one market maker for this type of contracts.
This contract is based on the USD equivalent of a troy ounce of gold and will mature in February, April, June, August, October and December.
The BSE Announces that the final settlement price will be the gold reference quotation from the London Gold Market Fixing, as of 15,00 hours (London time).
The BSE would be the second market where investors could bet on the price of gold, after Sibiu Stock Exchange.
Dana Verdes
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