Monday, 25 July 2016

Commodity Derivatives

Gold bullion

Referendum decision leads to gold rush

IFR 2139 25 June to 1 July 2016

Gold jumped as much as 8% on Friday, hitting a two-year high of US$1,358 an ounce as investors flooded to the world’s safe-haven asset in response to the UK’s vote to cut its ties with the European Union.

Power industry pushes back on derivatives rules

IFR 2139 25 June to 1 July 2016

The US power transmission industry is attempting to roll back a recent CFTC amendment that would open up power producers and utilities to private litigation actions alleging fraud and manipulation in derivatives markets.