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According to Jin10, CME announced on June 12 that it will launch new ultra-micro futures contracts for crude oil and gold, with trading available seven days a week and 24 hours a day after obtaining regulatory approvals. The new crude oil contract will be one-tenth the size of two current micro WTI crude oil contracts, and is scheduled to launch on August 30. The one-ounce gold futures contracts will begin 24-hour trading on July 26. Derek Sammann, CME Global Head of Commodities, said, "To address geopolitical uncertainty, we provide organized products in suitable sizes that are available 24$BTC #MyGateTradeStory "