ID :
91802
Thu, 11/26/2009 - 17:22
Auther :
Shortlink :
https://www.oananews.org//node/91802
The shortlink copeid
Trading of gold futures spikes in S. Korea
SEOUL, Nov. 26 (Yonhap) -- Gold futures contracts in South Korea have increased
sharply this year on expectations that gold prices will rise further down the
road, the bourse operator said Thursday.
The trading volume of gold futures amounted to 1,664 contracts as of Nov. 23,
already surpassing last year's 1,267 contracts, the Korea Exchange said.
Transactions reached 67 billion won (US$57 million), compared with last year's 39
billion won worth of contracts.
Gold finished at an all-time high of $1,187 per ounce on the New York Mercantile
Exchange Wednesday.
jia@yna.co.kr
(END)
sharply this year on expectations that gold prices will rise further down the
road, the bourse operator said Thursday.
The trading volume of gold futures amounted to 1,664 contracts as of Nov. 23,
already surpassing last year's 1,267 contracts, the Korea Exchange said.
Transactions reached 67 billion won (US$57 million), compared with last year's 39
billion won worth of contracts.
Gold finished at an all-time high of $1,187 per ounce on the New York Mercantile
Exchange Wednesday.
jia@yna.co.kr
(END)
