Dubai’s DGCX sees $13.7bn trades in February as Ukraine crisis drives volatility – ArabianBusiness
- Date: 04-Mar-2022
- Source: Arabian Business
- Sector:Financial Markets
- Country:UAE
Dubai’s DGCX sees $13.7bn trades in February as Ukraine crisis drives volatility – ArabianBusiness
February saw the Dubai Gold & Commodities Exchange (DGCX) register trades with a total value of $13.7 billion, as global markets responded to rising inflation, mounting oil prices as well as the Russian – Ukrainian conflict.
Les Male, CEO of DGCX, said the conflict had caused more volatility in the last week of last month.
He said: “Volatility has been a recurring theme over the past few months, with investors and traders continuing to grapple with a range of factors including inflation, oil prices and geo-political developments.
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