Mon, 17/12/2012 - 12:00
Deutsche Börse Commodities: Xetra-Gold has been the most frequently traded exchange-traded commodity on Xetra since its launch on 14 December 2007.
With an average monthly turnover of EUR164.9m, Xetra-Gold accounts for around 25 per cent of Deutsche Börse's total ETC turnover.
The issuer is Deutsche Börse Commodities, a joint venture between Deutsche Börse, five banks (Commerzbank, Deutsche Bank, DZ Bank, B Metzler seel Sohn & Co and Swiss bank Vontobel) and gold producer Umicore.
Xetra-Gold represents the spot price of one gram of gold and is also backed by physical gold. Trading in small quantities is highly liquid, with a spread of 10 basis points or lower.
Deutsche Börse Commodities currently holds 53.3 tonnes of gold worth over EUR2.3bn.
Xetra-Gold reached its peak of EUR44.28 on 28 September 2012, and its low since launch of EUR17.15 on 15 August 2008. It recorded its highest daily turnover of EUR107.9m on 10 August 2011. August 2011 also saw Xetra-Gold's highest monthly turnover – a total of EUR899.7m. The lowest monthly turnover was recorded in May 2008 (EUR24.8m).
“Investors were convinced by Xetra-Gold from day one, which we are very pleased about,” says Martina Gruber, managing director at Deutsche Börse Commodities. “We have five turbulent years behind us, in which our product fared very well. Xetra-Gold is and will remain the easiest way to invest and trade in gold. We have launched the new website xetra-gold.com to mark our fifth birthday. Investors can find all the information they need on our product, the latest price of gold and much more.”
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