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Investors Flock to Safe-Haven Assets M-O-M average volume growth of 507.4%, Year-on-year ADV growth of 225.5% The Dubai Gold & Commodities Exchange (DGCX) saw a surge in trading on its flagship Gold Futures product last month, as increasing geopolitical tensions across the globe drove investors towards safe-haven assets. The product recorded month-on-month (M-O-M) average daily volume growth (ADV) of 507.4%, and year-on-year ADV growth of 225.5%, while also registering M-O-M Average Open Interest (AOI) growth of 90.7%. Les Male, CEO of DGCX, commented: “Gold reasserted its position in June as the safe-haven asset of choice, as investors worldwide flocked to the precious metal on the back of fresh speculation around lower Federal Reserve rates, a weak US dollar, and heightened geopolitical tensions between the US and Iran. This was strongly reflected on the DGCX, with our Gold Futures contract registering its best month since November 2016.” The DGCX traded ov

Highest contracts in May since November 2016 The Dubai Gold & Commodities Exchange (DGCX) saw a spike in Indian Rupee (INR) trading last month as the India election came to a close, leading the Exchange to record a monthly Average Open Interest (AOI) of 406,203 contracts in May, its highest AOI since November 2016. Ongoing political tensions across Europe on the back of continued Brexit talks also saw Euro Futures record its highest monthly Average Open Interest (AOI) with 3,886 contracts. For the month of May, a total of 1,827,176 contracts were traded, valued at USD 35 billion. All three INR contracts performed well last month. INR Quanto Futures, the index pricing of the Indian Rupee US dollar currency pair, recorded its best month ever in May, and has now traded over 2 million lots year-to-date, up 28% year-on-year. Rupee Mini Futures recorded the third highest AOI with 117,390 contracts in May. Les Male, CEO of DGCX, commented: “The Open Interest levels we