SGEx Plans Gold ETFs Launch

The Shanghai Gold Exchange (SGEx) is considering rolling out gold exchange-traded funds (ETFs), Commodity Online reports. The exchange has not set any date for the launch yet.

At present, majority of Chinese investors acquire physical gold or invest in gold futures on the SGEx or the Shanghai Futures Exchange (SHFE). China’s biggest commodities market, the SHFE, expects to roll out silver futures by the end of this year, adds Global Times.

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