DGCX Announced Robust Start to 2022

SEATTLE (Scrap Monster): The Dubai Gold and Commodities Exchange (DGCX) reported increased interest in safe-haven assets by investors during the opening month of the current year, mainly against the global backdrop of several factors including high interest rates and crude oil prices along with heightened volatility in the global equity markets.

The DGCX registered a monthly Average Open Interest (AOI) of 128,828 contracts during the month. It traded a total value of $7.95 billion in January 2022. The Indian Rupee Options Contracts registered a combined total of 844 lots valued at $0.09 million. The INR Quanto Futures Contract also reported strong trading activity, recording a combined total of 29,963 lots valued at $201.23 million.

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Commenting on the robust performance, Les Male, CEO, DGCX noted that DGCX trading volumes were largely impacted by increased affinity towards safe-haven assets like gold, especially in the midst of global economic headwinds. The trends are likely to continue in the short term, with its derivative products witnessing increased demand. DGCX has a robust pipeline for 2022 and it plans to introduce a number of new contracts and services to the benefit of its customers, Male added.