JSE issues apology for the incorrect meta description on broker search

JSE Limited (“JSE) was alerted to an incorrect meta description automatically generated by search engines when searches relating to the JSE in relation to company information is performed. This resulted in the JSE’s awareness campaign relating to a cautionary pop-up on the JSE website regarding investment scams being displayed in search results.

The JSE has implemented technical measures to remedy the incorrect description.

We sincerely apologise for the error and in the event that you require any further information in respect of the remedial actions implemented or the JSE to clarify the incorrect search results, please contact [email protected].

Gold Futures and Options Contracts give local investors access to the international gold price as determined by the New York Mercantile Exchange (NYMEX) through its Commodity Exchange (COMEX) division, a subsidiary of the CME Group. This highly liquid precious metal contract is cash settled in rands and can easily be accessed through JSE Commodity Derivatives members. 
These contracts are also traded by speculators who assume the price risk that hedgers try to avoid in return for a chance to profit from a favourable price movement.

Who is this for?

Gold is primarily bought as an anti-inflation hedge. It is also used jewellery and for industrial use. These contracts can be effectively used by commercial consumers, producers and fabricators of gold with a view to managing price risk. Producers can employ a short hedge and end-users can use a long hedge. Speculators also use these contracts to profit on short-term movements in the Futures Contract price.

Features

  • Offers ongoing trading opportunities, as gold prices respond quickly to political and economic events.
  • Serves as an alternative to investing in gold bullion, coins and mining stocks.
  • Enables effective price risk management and the evaluation of current and future world supply and demand.
  • Enables identification of short- and long-term price and volatility patterns.
  • Hedge or gain exposure based on expectation of directional price, spread movement or volatility in gold.
  • Enables portfolio diversification.
  • Gold prices are sensitive to political and economic uncertainty, interest rates and currency valuations, which pose downside risks that can lead to significant losses.
  • Can be volatile.

How to get Gold Futures and Options

To access this product, register as a client with an authorised JSE member firm, deposit the required initial margin and sell or buy according to your needs.

Qualifying factors

  • No limits apply to individuals, foreigners or corporate entities.
  • Pension funds and long-term insurance companies are subject to their 25% foreign allocation limits.
  • Asset managers and registered collective investment schemes are subject to their 35% foreign allocation limits.
  • For all the details about qualifying factors, speak to your broker.