In October 2026, US dollar gold futures (GDU) traded on Hong Kong Exchanges and Clearing Ltd (HKEX) saw significantly stronger activity, with several key metrics delivering standout performances.
Total monthly volume surpassed 270,000 contracts, notional turnover reached US$36.4 billion, and a new all-time high for single-day volume was set during the month.
Data showed that October's total volume for US dollar gold futures reached 271,488 contracts across 22 trading days, with average daily volume (ADV) of about 12,340 contracts.
In terms of notional turnover, the full-month total reached US$36.4 billion, averaging about US$1.7 billion per trading day.
Notably, on October 16, single-day volume for US dollar gold futures surged to 30,132 contracts, a record high, corresponding to notional turnover of about US$4.1 billion.
That figure broke the previous record of 27,922 contracts set on August 21.
The report noted that bid-ask spreads and calendar spreads stayed at relatively narrow levels in October, with quotes as low as 1 to 3 ticks.
This helped enable more efficient trade execution and made it easier to roll positions.
To continuously improve market competitiveness and reduce investor costs, Hong Kong Exchanges and Clearing Ltd (HKEX) is implementing a series of incentive measures.
Currently, HKEX applies a market-wide trading fee waiver for US dollar gold futures contracts, waiving the US$1 per contract per side trading fee.
The waiver period runs from July 6, 2026 to June 30, 2027 (inclusive of both dates).
In addition, HKEX has launched an "Active Trader Program" aimed at providing additional cash rewards to qualifying participants.
Meanwhile, Hong Kong Exchanges and Clearing Ltd (HKEX-R) and Hong Kong Exchange & Clearing Ltd. (ADR) are related listings of the exchange, while Wilshire wShares Enhanced Gold Trust is a gold-related product.
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