Hong Kong Exchange dollar gold futures trading volume hits record high.

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Golden Finance reported that on July 6, the Hong Kong Exchange announced that a total of 6,676 contracts of US dollar gold futures were traded during the daytime trading session, setting a new historical high and surpassing the previous record of 3,039 contracts traded on November 7, 2022. The bid-ask spread for active month contracts narrowed to one to two ticks, with the August contract as low as US$0.01 (one tick) and the December contract as low as two ticks. The Hong Kong Exchange continues to introduce optimization measures for US dollar gold futures contracts, attracting active participation from various market players such as banks, securities companies, high-frequency trading institutions, traders, gold producers, and consumer enterprises. This is an important step in the Hong Kong Exchange's strategy to improve its gold product system and deepen its multi-asset ecosystem, which will further support Hong Kong's development into a leading international gold trading and storage center.
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