DGCX Made Positive Start to Second Half of 2022

SEATTLE (Scrap Monster): The necessary tools offered by the Dubai Gold and Commodities Exchange (DGCX) to manage and hedge risks and uncertainties across asset classes has helped it to mark a positive start to the second half of the current year.

The Exchange registered 8.96% surge in Average Daily Volume (ADV) trades to 28,809.33 in July this year, in comparison with the same month a year before. It registered a monthly Average Open Interest (AOI) of 121,105 contracts for the month of July and a notional value traded of USD 11,726.55 million. The robust performance is amidst geopolitical challenges, potential recession, and inflation concerns.

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DGCX Gold Futures Contract Witnessed Robust Trading Activity

The DGCX’s flagship Gold Futures Contract delivered ADV growth of 192.58%, while the Silver Futures Contract dropped by 90% over the previous year.

The DGCX G6 currencies portfolio extended its strong performance in July this year, registering a combined trade total of 144,319 lots on a year-to-date basis. The strongest performer among the pack was the Canadian dollar, which registered year-to-date volume of 11,197 lots. The Euro and Pound contracts reported year-to-date volumes of 37,225 and 33,365 lots respectively.

The Indian SSF product registered year-to-date ADV growth of 537 lots, while the Indian Rupee Weekly Future Contract increased by 946 lots compared to July 2021.