Friday, November 30th 02:17 PM IST

CME Gold Futures hits new daily trade volume record on Comex

# CME Gold Futures  # Comex  # daily trade volume  

On November 28, Comex Gold Futures reached a record daily volume of 486,315 contracts, surpassing the previous record of 484,721 set on May 29, 2012.

CHICAGO(BullionStreet): World's largest derivatives market, CME Group set a new record in daily trading volume for COMEX Gold Futures on Wednesday.

On November 28, Comex Gold Futures reached a record daily volume of 486,315 contracts, surpassing the previous record of 484,721 set on May 29, 2012.

These contracts are listed by and subject to the rules of Comex.

"Our Gold Futures contract continues to be the most liquid and transparent benchmark in the global gold marketplace," said Harriet Hunnable, Managing Director, Metals Products, CME Group.

"This record volume is indicative of investors' reliance on gold futures to manage their exposure to changing world events as well as supply and demand factors in the metals marketplace.", he added.

CME Group has shown robust activity across many metals products this week which has pushed average daily volume for its metals complex above 415,000 contracts so far in November, marking the second time this year that monthly ADV has edged higher than 400,000 contracts.

As the world's leading and most diverse derivatives marketplace, CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy,agricultural commodities, metals, weather and real estate.

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