The CEO of the Dubai Gold and Price Exchange, Les Mel, said that the total value of the exchange's trading last January amounted to $7.95 billion.
Mail added that the exchange registered an average monthly interest rate of close to 129,000 contracts as members and market participants sought to improve their ability to manage risk.
He explained that trading operations last January were affected by several factors, most notably the instability of stock prices, and expectations of a significant increase in interest rates.
Mill indicated that high oil prices also prompted market participants to search for safe investments that would protect them from adverse global economic trends.
