The Comex and Sydney signed a trading pact.

The agreement between the New York Commodity Exchange and the Sydney Futures Exchange will lead to the establishment of an international gold trading link that will lead the futures industry further toward 24-hour-a-day trading. The link is the first transoceanic gold trading system and is expected to open later this year if U.S. and Australian government agencies give their approval, Comex President Alan Brody said.