Australian Precious-Metals Exchange Plans to Start Next Month

Bloomberg reported an Australian-based exchange for precious metals is set to start operations next month.

The market news is quoted as saying,

The Australian Bullion Exchange, scheduled to open on Oct. 24, will cater for trade in investment-grade gold, silver and platinum, Chief Executive Officer Thomas Coughlin said in an interview. The privately held exchange is targeting institutions as well as smaller investors, Coughlin said.

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