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The Guangzhou Futures Alternate (GFEX) mentioned on Tuesday that it plans to launch China’s first platinum and palladium futures contracts to supply a home value hedging mechanism.
The GFEX would be the first trade to permit supply towards its contracts of platinum and palladium in a kind utilized by the primary customers, automakers and different industrial sectors. Its contracts might also help platinum funding demand on this planet’s second-largest financial system.