April 24, 2017 / 3:25 PM / 4 months ago

London Metal Exchange to delay launch of precious metal contracts

LONDON, April 24 (Reuters) - The London Metal Exchange's launch of its new precious metals contracts will be delayed until July 10, more than a month later than previously announced, the exchange's chief executive, Matt Chamberlain, said at a briefing on Monday.

The new gold and silver contracts - a mix of daily and monthly contracts designed to allow industrial users to hedge specific dates - were due to go live in early June.

Reporting by Peter Hobson; editing by David Clarke

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