Tokyo Commodity Exchange November 2019 Market Summary - TOCOM November Daily Volume Averaged 60 519 Contracts, Down 4.1% M-o-M

The Tokyo Commodity Exchange announced today that November 2019 average daily volume was 60,519 contracts, down 4.1% from October. Volume increased for some of TOCOM’s most active contracts; Platinum Standard was up 2.9% to 10,594 contracts and RSS3 Rubber was up 11.6% to 4,385 contracts. Gold Standard was down 7.3% to 25,834 contracts and Dubai Crude Oil was lower by 1.4% to 9,347 contracts.

TOCOM Gold prices started the month by climbing to 5,265 yen per gram but settled at around 5,100 yen mid-month. The market responded to frequent updates related to U.S.-China trade talks. Investors considered the increased likelihood of  a “phase-one agreement” and took a risk-on stance, which pressured this safe-haven asset.

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