The Dubai Gold & Commodities Exchange (DGCX) reported huge surge in trading on Gold Futures product during the month of June this year. The tremendous surge in trading was mainly on account of investors’ increased flocking to safe-haven assets due to rising geopolitical tensions. The average daily volume (ADV) recorded massive growth of 507.4% month-on-month and 225.5% year-on-year. The month-on-month Average Open Interest (AOI) recorded an upsurge of 90.7%. The exchange traded over 1.73 million contracts in June this year. The currency portfolio witnessed robust trading action, boosted by increased trading in its ... (full story)