Rashid Usmanov, CEO of the Uzbekistan Republican Currency Exchange (UZCE), outlined plans to introduce gold futures in a briefing for journalists, according to Kursiv Uzbekistan.
Usmanov said the launch will depend on the readiness of both legislation and the market. He stressed that a full regulatory framework and trading infrastructure are essential before implementing the new futures mechanism.
«When introducing a new instrument on the exchange, it is important to ensure it is fully ready for operation. Only with the appropriate laws, regulations and market preparedness can this mechanism function effectively,» he said.
He also noted that such changes will require expanding the exchange’s licensing powers, and conceptual work on this is already underway.
«Our strategy envisages the introduction of gold futures in 2026–2027. Each instrument is carefully analysed for its role and significance before being brought to market,» Usmanov added.
Kursiv also reports that gold prices rose above the $4,600 per-ounce mark for the first time on January 12.
