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Precious Metals Conference kicks off in Dubai

The Dubai Precious Metals Conference is taking place in at the Address Hotel, Dubai Marina, running from April 9 to 10.

The two-day event has attracted more than 400 delegates across the value chain including miners, investors, engineers, asset managers and professional services representatives.

Entitled ‘Connecting Markets – the New Era of Global Trade’, the event focuses on key topics such as shifting geopolitics and its impact on the trade flows of precious metals.

The two-day event comprises panels and workshops assessing branding in the global precious metals industry, application of the global Shariah standard in gold, implications of taxation for gold in global hubs and the global bullion industry.

The opening day saw the Dubai Gold & Commodities Exchange (DGCX) officially launch its DGCX Shanghai Gold Futures Contract (DSGC) with the Shanghai Gold Exchange (SGE). For the first time, global and regional investors will have the opportunity to trade and clear Yuan-denominated gold contracts outside of China.

The first day also included a discussion about the future for precious metals, including masterclasses on technology innovation.

Speaking about the application of Blockchain technology in the industry, The Royal Mint director of business development Dan Clegg said: “While thinking about how The Royal Mint establishes itself for the future, we realised that Blockchain currencies and gold had a lot in common, and where they had differences they seemed to compensate for one another.

“This was the motivation behind RMG, an innovative new product launching in 2017 that will provide the investment performance of the London Gold Market with the price transparency, real-time price discovery and trade execution of a traded security. We believe these features, coupled with the guarantee of zero ongoing annual management fees and free storage, represents one of the best cost-effective ways to invest in physical gold today.”

 

 

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