DGCX's MoU with Bank of China seeks to increase interaction b/w UAE, China
The Dubai Gold & Commodities Exchange (DGCX) has announced the signing of a Memorandum of Understanding with the Bank of China (BOC). The agreement creates a framework for both institutions to work together to enhance interaction and collaboration between the derivatives and financial markets of the UAE and China.
Q3 2015 may be the weakest quarter for Gold: Barclays
Barclays maintains the view that third quarter of this year is likely to be the weakest quarter for gold, given that they expect the Fed to start increasing rates in September, but the potential downside is likely to be limited, given we enter the seasonally strong period for consumption.