https://goldsilver.com/news/hong-kong-exchange-will-launch-a-gold-futures-contract-that-s-actually-gold/
The new contracts will be for physical delivery denominated in yuan and
U.S. dollars, said Romnesh Lamba, the co-head of market development at
the bourse. The previous contract, which was Started in 2008, was
cash-settled and quoted only in U.S. dollars... Prompted by stock-market
volatility and economic growth concerns, consumers in China, the
world's largest consumer of the metal, are expected to buy more gold
this year to store value, according to the World Gold Council. ''
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