Commodity market The price of gold bullion fell dramatically on 12 April 2013 and analysts frantically sought explanations. Rumors spread that the European Central Bank (ECB) would force Cyprus to sell its gold reserves in response to its financial crisis. Major banks such as Goldman Sachs began immediately to short gold bullion. Investors scrambled to liquidate their exchange-traded funds (ETFs) and margin call selling accelerated. George Gero, precious metals commodities expert at the Royal Bank of Canada (RBC) Wealth Management section reported that he had not seen selling of gold bullion as panicked as this in his forty years in commodity markets.
Derivative and Commodity Exchange Nepal Ltd. Derivative and Commodity Exchange Nepal Ltd. The Derivative and Commodity Exchange Nepal (DCX) is an Asian multi-product commodity and derivatives exchange situated in Nepal for commodity market in Nepal. Derivative trading in a diversified basket of commodities and derivatives (CFD) including futures and options contracts on precious metals, base metals, agriculture commodities, energy, currencies and commodity indices. In Nov 2011 the Derivative and Commodity Exchange Nepal Ltd. was granted Company recognition by Company Registrar Office, qualifying operating licence by the Company Registrar Office of Nepal to operate as a regulated and licensed exchange.Recently,The Commodities Act was passed by the Govt.of