Dubai Gold option to debut on April 30
On April 30, the Dubai Gold and Commodities Exchange (DGCX) is set to launch gold options.
An option is a contract giving an investor a right to buy or sell a fixed amount of a given asset at a specified price. Gold is seen as a safe-haven metal and as a hedge against inflation. The metal is also influenced by oil, currency moves, and generally trades in the opposite direction to the dollar.
“This will drive more interest in the exchange from many players in the market,” said Colin Griffith, the head of the DGCX.
An option is a contract giving an investor a right to buy or sell a fixed amount of a given asset at a specified price. Gold is seen as a safe-haven metal and as a hedge against inflation. The metal is also influenced by oil, currency moves, and generally trades in the opposite direction to the dollar.
“This will drive more interest in the exchange from many players in the market,” said Colin Griffith, the head of the DGCX.
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