In the first five trading days of May, Xetra-Gold achieved new records for cash inflows, order book turnover and market share.
From 3 until 7 May, Deutsche Börse Commodities turned over a total of 3.7 tons of gold with its Xetra-Gold bearer bond, which is physically backed by the precious metal. As of last Friday, the gold reserve of this issuer had increased to 45.1 tons.
Over the entire period, transactions conducted by Xetra-Gold investors at Germany’s trading venues have reached a volume of EUR101.8 million., with EUR95.2 million of that volume attributable to Xetra (93.6 pe rcent).
Currently, 171 commodities are traded in Deutsche Börse’s ETC segment. Xetra-Gold is the exchange-traded commodity with by far the highest turnover. Last week, the market share of Xetra-Gold related to all commodities traded on Xetra was 40.2 percent.
Since the launch of Xetra-Gold in December 2007, the first week in May 2010 has been the best ever week for Xetra-Gold turnover (3.7 tons). March 2010 has been the top-performing month since the launch of the product, with around 3.5 tons of gold. In the same month, Xetra-Gold broke the one billion euro mark for assets under management. So far, 30 September 2008 was the best day ever for gold turnover, with a total of 1.6 tons recorded on this day alone.