According to reports, the Intercontinental Exchange has officially launched a daily precious metals contract linked to the daily auction price in London. In addition to gold, the contract also fully covers silver, platinum, and palladium. This is the latest attempt to introduce precious metal derivatives in this global physical gold bar trading center. It aims to enhance market transparency through a central clearing model and compete head-on with international giants such as CME. Full product coverage: ICE launched not only gold futures contracts, but also silver, platinum, and palladium contracts simultaneously in the London market this week. Direct linked auction price: The pricing basis for these contracts is very special, directly linked to the daily physical auction price operated by ICE itself in the City of London. This means that the price generation of contracts is highly tied to London's position as the global standard for spot pricing. Term and settlement structure: The scope of the new contract ranges from a single day to the next six months, and all are centrally settled through ICE's London branch. It is worth mentioning that this clearing branch also manages the Brent crude oil futures contract, which is a global oil price weather vane.

According to reports, the Intercontinental Exchange has officially launched a daily precious metals contract linked to the daily auction price in London. In addition to gold, the contract also fully covers silver, platinum, and palladium. This is the latest attempt to introduce precious metal derivatives in this global physical gold bar trading center. It aims to enhance market transparency through a central clearing model and compete head-on with international giants such as CME. Full product coverage: ICE launched not only gold futures contracts, but also silver, platinum, and palladium contracts simultaneously in the London market this week. Direct linked auction price: The pricing basis for these contracts is very special, directly linked to the daily physical auction price operated by ICE itself in the City of London. This means that the price generation of contracts is highly tied to London's position as the global standard for spot pricing. Term and settlement structure: The scope of the new contract ranges from a single day to the next six months, and all are centrally settled through ICE's London branch. It is worth mentioning that this clearing branch also manages the Brent crude oil futures contract, which is a global oil price weather vane.