BREAKING: Moscow Exchange to launch Ruble priced gold futures in July

Look for a detailed GoldFix podcast this weekend on the topic of BRICS exchange product launches

Housekeeping: It’s time to look closer at this behavior and what it implies. Look for a detailed GoldFix podcast this weekend on BRICS exchange new product launches

We will give this some perspective and lay out the path forward as to what this all means in context of: Gold (it’s good), The USD as Global Reserve Currency (it’s bad) and the path of global economic power (more uncertain).

Until then, enjoy

Moscow Exchange to launch perpetual gold futures in July

29 Jun 2023 16:00

MOSCOW. June 29 (Interfax) - The Moscow Exchange plans to start trading in perpetual gold futures in the near future, Maria Patrikeyeva, head of the exchange's derivatives market, said.

"We launched settled quarterly gold futures yesterday, and in the near future, in July, we will launch new perpetual gold futures," Patrikeyeva said at the press lunch "Options Market on the Moscow Exchange: New Opportunities."

The Moscow Exchange began trading in settled futures contracts for gold in Russian rubles on June 28.

The underlying asset is the GLDRUB_TOM instrument from the exchange's precious metals market. A lot is 1 gram, the tick size is 0.1 rubles and tick value is also 0.1 rubles. The strike price is the RUGOLD index price, calculated by the Moscow Exchange on the basis of transactions with the underlying asset in the precious metals market, on the day the contract is settled.

Contracts with settlement in September and December 2023, as well as in March and June 2024 are admitted to trading.

The Moscow Exchange also trades settled futures for gold denominated in U.S. dollars, as well as a spot instrument for gold on the precious metals market.

/interfax

Energy Focus below: Expext nothing new/good on Gold until after the BTC dust settles.