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Spot Gold Market In Thailand Closer To Reality

11/8/2014

 
As the Bangkok Post reports, seven gold futures dealers have agreed in principle on the format of a physical gold exchange, moving a step closer to establishing the country's first spot gold market.

The dealers, which have a combined 90% market share of trade in paper and physical gold, have unanimously agreed on the make-up of the spot gold exchange, said Gold Traders Association chairman Jitti Tangsithpakdi.

The plan will be proposed to the Thailand Futures Exchange (TFEX) on Aug 18.

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