DGCX volumes poised to break record

The Dubai Gold and Commodities Exchange (DGCX) has traded 18.8 million contracts year-to-date, up 35 per cent year-on-year, and is on track to break its annual volumes record of 19.67 million contracts.

YTD average daily volumes (ADV) are at an alltime high, reaching 87,253 lots, the DGCX said in a statement. G6 currencies were the standout performers in October, most notably the euro which recorded volume growth of 51 per cent YTD.

Gold products also performed well, with Gold Quanto and Shanghai Gold registering YTD volume growth of 48 per cent and 59 per cent. (Staff Report)