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Abaxx Exchange plans to launch gold futures in Singapore as gold prices reach record highs.
In the coming months, Singapore's Abaxx Exchange plans to introduce gold futures to the Asian market, aiming to connect futures and physical markets in one location.
This move comes as gold prices hit record highs due to increased demand for a safe haven asset.
Abaxx believes Singapore is an ideal location for this marketplace, though the success hinges on ensuring suppliers can provide the necessary liquidity for gold contracts.
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