Dubai Gold and Commodities Exchange (DGCX) said the gold futures, its flagship product, grew 111 per cent in June to hit 60,353 contracts driven by significant surges in gold and Indian Rupee futures trading.
The exchange also registered i
The Dubai Gold and Commodities Exchange (DGCX) clocked volumes of 486,710 contracts, valued at $ 21.3 billion, in September, up 211 per cent compared to the same month last year.
The exchange’s Gold futures contract established an all-time
Gold rose in Europe on Wednesday, recovering after its biggest one-day drop in nearly a month as the dollar retreated amid expectations the US Federal Reserve will maintain its accommodative monetary policy for now.
Spot gold was bid at $1
Gold is set for record highs this year amid sovereign risk fears, loose monetary policy and concerns over the outlook for the euro, speakers at a precious metals conference led by ETF Securities said on Thursday.
HSBC analyst James Steel s
The Dubai Gold and Commodities Exchange (DGCX) said that it has achieved about 930,000 contracts valued at Dh176.5 billion ($48 billion), for the first eight months of 2008, which exceeds the total volume for 2007, a report said.