Wag the Dog – The new COMEX and SGE Gold Contracts

Wag the Dog – The new COMEX and SGE Gold Contracts In a development whose impact is still unclear, the world’s largest gold derivatives trading venue, the US COMEX, and the world’s largest physical gold trading exchange, the Chinese SGE, have just jointly launched gold derivatives contracts, potentially binding each other into a price feedback loop.

Could this be a case of the massively influential COMEX gold trading now having a greater influence on the Shanghai Gold Exchange? And it this a case of the tail wagging the dog?

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