Perpetual futures contracts on precious metals offer advantages over traditional futures by eliminating expiration dates and enabling continuous position holding, making them attractive to traders

"They also pointed to fresh long positions in the market, which could keep prices firm despite near-term volatility."

"The proposed agreements would not have expiration dates. Traders would have the ability to hold their positions open without going into new futures contracts periodically. Perpetual futures enable traders to obtain leveraged exposure without a settlement deadline."