Yabes predicts that in the next ten years, the daily average gold trading volume in Asia may account for 50% of the global total.

date
13/06/2025
Today, a major commodity exchange in Singapore, Asia, launched a gold futures contract, hoping to challenge the pricing power of gold in the global market currently held by New York and London. For Asian investors, the current gold trading landscape has several major flaws: there is a time difference in trading hours, making it difficult for Asian participants to participate in the most effective gold trading hours locally, and the gold specifications traded are not commonly used measurement units in Asia. Asia's Abley hopes that contracts for local delivery can eliminate the region's reliance on Western price benchmarks and enhance the stability of gold prices in Asia. Abley is optimistic about current interest and trends in gold trading in Asia. Abley expects that in the next decade, the daily average gold trading volume in Asia will account for 50% of the global gold market, occupying a significant proportion.