CME to Offer 1-Ounce Gold Futures to Meet Surging Demand From Retail Traders
By Yvonne Yue Li
Bloomberg News
via Yahoo News, Sunnyvale, California
Thursday, December 5, 2024
CME Group Inc. will start offering a one-ounce gold futures contract in January to meet surging demand from retail investors amid bullion's record-breaking rally.
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 precious metal is the go-to haven asset in times of economic and financial uncertainties.
... Dispatch continues below ...
... ADVERTISEMENT ...
Cerro de Pasco's Assay Results at Quiulacocha
Indicate Consistency at Depth and Laterally
Company Announcement
Tuesday, December 3, 2024
MONTREAL -- Cerro de Pasco Resources Inc. (CSE: CDPR, OTCQB: GPPRF) reports that the 40-hole drill program at its Quiulacocha Tailings Project in central Peru has been successfully completed, providing more than 1,000 samples, of which 177 have been assayed to date, including the SPT04 drillhole released on October 15.
Key Highlights:
-- 177 assay samples from nine drill holes, equivalent to 15% of the current drill program, indicate an average silver grade of 1.72 ounces per tonne of silver (53.64 g/t), 37% higher than the average of shallow auger samples reported by Brophy (2012) in the north and central sections of the project. ...
... For the remainder of the announcement:
The one-ounce contract is a "great way to lower the barrier to entry in our market," Jin Hennig, CME's global head of metals, said in an interview. "Our clientele is also getting younger. That's a lot more doable." ...
... For the remainder of the report:
https://au.finance.yahoo.com/news/cme-offer-one-ounce-gold-150000846.html [2]
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit: