Deutsche Börse Reports a Surge in Demand for Xetra-Gold during H1 2021

Deutsche Börse, a leading German marketplace organizer, announced today that the demand for Xetra-Gold, issued by Deutsche Börse Commodities GmbH, has picked up significantly in the first six months of 2021.

According to an official announcement, the gold holdings of the exchange-traded Xetra-Gold bearer bond reached a new high in the first half of 2021. Deutsche Börse mentioned that the overall gold holdings increase whenever investors purchase Xetra-Gold shares through the Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term.

The German Federal Fiscal Court mentioned in September 2015 that the gains from the sale or redemption of Xetra-Gold after a minimum holding period of one year would not be subject to withholding tax.

Commenting on the latest announcement, Michael König, Managing Director of Deutsche Börse Commodities GmbH, said: “In the first half of the year, demand for Xetra-Gold picked up again, so that our gold holdings reached a new record of 233 tonnes. We are seeing increased demand from both institutional and private investors. In 2020, the Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term of the gold price was slightly higher, but in the first half of the year, it was in line with the five-year level. Gold, with its stabilizing and diversifying function in investors’ portfolios, is thus proving to be extremely consistent."

Apart from the recent jump in Xetra-Gold, Deutsche Börse reported a jump in FX revenues during the last quarter of 2020. In Q4 of 2020, the FX segment of Deutsche Börse Group generated €26.1 million in revenue.

Xetra-Gold

Xetra-Gold is one of the most popular products of Deutsche Börse Commodities GmbH. With the recent jump, Xetra-Gold's assets under management touched a new high of €11.2 billion. Deutsche Börse mentioned that Xetra-Gold is 100% backed by gold. “Xetra-Gold investors are entitled to delivery of the securitized physical gold. Since the introduction of Xetra-Gold in 2007, investors have made use of it 1,552 times. To date, 6.9 tonnes of gold have been delivered,” Deutsche Börse mentioned in the official announcement.