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Showing posts with the label Gold Futures

Global gold ETFs’ holdings bounced to 3,523t

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  Global gold trading volumes rose 20% in January 2025   In the Gold ETF Commentary, January in review, World Gold Council (WGC) reported, Global physically backed gold ETFs  saw net inflows during the first month of 2025, adding US$3bn in January. The most notable shift comes from Europe: while it led global outflows during most of 2024, it is now dominating inflows.  Despite gold’s strong performance, North American investors remained net sellers of gold ETFs in the month, while Asia and the other regions saw limited inflows. By the end of January, the total asset under management (AUM) reached US$294bn, another month-end record, and collective holdings continued to rebound (+34t).    In the highlights WGC report, 1: Global gold ETFs kicked off 2025 with positive flows, led by Europe, while North America saw outflows. 2: Following the second consecutive monthly inflow and supported by a higher gold price, global gold ETFs’ total AUM rose to US$294bn a...

DGCX AOI growth registers 90.7%

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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...