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CME Group Metals volume shoots up 32% y/y during February

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NEW YORK (Scrap Register): Exchange operator CME Group has reported that metals volume averaged 690,000 contracts per day in February, up 32% from 523,000 in February 2017.

However, sequentially, the total was down 10% from the record 763,000 average in January. Daily average volume in gold futures and options grew 38% year-on-year 380,000 contracts, while the same for copper rose 28% to 159,000 contracts and those for silver rose 21% to 121,000 contracts.

On a three-month, rolling-average basis, daily metals volume averaged 662,000 contracts for the period ending with February.

This was down from 684,000 for the period ending with January, but up from 616,000 for the comparable period ending with December and 657,000 for the period ending with November.

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