Xetra-Gold (ISIN: DE000A0S9GB0) has been the most frequently traded Exchange Traded Commodity (ETC) on Xetra since its launch on 14 December 2007. With an average monthly turnover of €164.9 million, Xetra-Gold accounts for around 25 percent of Deutsche Börse's total ETC turnover. The issuer is Deutsche Börse Commodities GmbH, 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 GmbH currently holds 53.3 tonnes of gold worth over €2.3 billion.
Xetra-Gold reached its peak of €44.28 on 28 September 2012, and its low since launch of €17.15 on 15 August 2008. It recorded its highest daily turnover of €107.9 million on 10 August 2011. August 2011 also saw Xetra-Gold's highest monthly turnover – a total of €899.7 million. The lowest monthly turnover was recorded in May 2008 (€24.8 million).
“Investors were convinced by Xetra-Gold from day one, which we are very pleased about,” said Martina Gruber, managing director at Deutsche Börse Commodities GmbH. “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 www.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.”
Deutsche Börse’s ETC segment product range currently comprises 269 instruments. The monthly trading volume of ETCs on Xetra averages around €700 million.