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Tokyo Commodity Exchange today announced that August 2010 trading volume averaged 82,414 contracts per day, down 15.4% from July 2010. Gold standard, which is the Exchange’s most traded commodity, decreased by 27.1% from the previous month to 32,460 contracts per day and gold mini decreased by 28.6% to 5,705 contracts per day. This slump is considered to have been triggered by low volatility of the yendenominated gold price and pullback on trading due to summer vacation season in the market.
At the end of August 2010, open interest in all listed commodities totaled 311,275 contracts, an 4.66% increase of 13,870 contracts from the end of the previous month.
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