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Golden FX Link (Cambodia) Co., Ltd, the first regulated Central Counterparty and Derivative Broker company, has signed an agreement on acknowledging F.U.G.I Gold as its official Derivative Broker.
With the launch of its own gold price benchmark, China, the world's biggest producer and consumer of gold, has more influence in the pricing of the precious metal.
Gold futures on the COMEX division of the New York Mercantile Exchange on Monday pulled back from last Friday's strong rally, as the U.S. dollar rebounded and the Dow and S&P set new intraday record highs.
Gold futures on the COMEX division of the New York Mercantile Exchange finished lower on Monday, extending their decline to a third session on strength in the U.S. dollar and concerns that the U.S. Federal Reserve may soon scale back its bond-buying program.
Gold futures on the COMEX division of the New York Mercantile Exchange on Tuesday plunged to the lowest level since May 1 on big outflows from gold exchange-traded funds.
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