Shanghai to launch gold futures

THE Shanghai Futures Exchange (SFE), one of China's major futures trading agencies, is expected to launch gold futures trading soon following regulatory approval.

The China Securities Regulatory Commission approved the gold futures trading on the SFE, a statement posted on its Website said yesterday.

However, it did not say when the trading would be started. The launch of gold futures on the SFE would add to the hedging options for gold producers against the fluctuating global market, analysts said.