C-Com Japan to offer dollar gold futures

Central Japan Commodity Exchange (C-Com) will launch a US dollar denominated gold futures contract next year, in competition with Tokyo Commodity Exchange's (Tocom's) yen-denominated contract.

C-Com says a dollar-denominated gold contract is needed, "as the [fx] risk cannot be fully mitigated in a yen-dominated futures market". The exchange also claimed that there has been a rapid increase in foreign currency-denominated deposits and other foreign exchange...