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CME to offer one-ounce gold futures as retail trade surges

^{Published on 2024-12-05 15:30:48 - Crain's Chicago Business}
 

• There has been a larger trend among retail investors to seek smaller-sized gold products as a way to diversify their portfolios as spot gold hit repeated record highs this year.

The article from Crain's Chicago Business discusses CME Group's introduction of a new one-ounce gold futures contract, set to launch on October 16. This new contract aims to provide investors with a more accessible and cost-effective way to invest in gold, especially in light of the current economic environment characterized by inflation and geopolitical tensions. The contract will be physically deliverable, with delivery points in New York and London, and is designed to complement CME's existing suite of precious metals products. This move is part of CME Group's strategy to expand its offerings in commodities, responding to increased demand for gold as a hedge against inflation and currency fluctuations.

Read the Full Crain's Chicago Business Article at:
[ https://www.chicagobusiness.com/finance-banking/cme-group-offer-one-ounce-gold-futures ]

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