Doo Group, a pre-eminent financial services group with FinTech as its core, recently released its July 2024 trading volume report. 

July Trading Volume Overview 2024 

  • Total Trading Volume: USD 127.95 billion 
  • Most Popular Products: XAU/USD, EUR/USD, GBP/USD 
  • XAU/USD saw the highest trading volume at USD 94.88 billion. 
  • XAU/USD saw the highest increase, an increase of USD 23.20 billion, or 32.39%. 

According to the report, Doo Group’s total trading volume in July 2024 is valued at USD 127.95 billion, an increase of 21.20% from the previous month. Furthermore, July’s average daily volume (ADV) is USD 4.13 billion, a rise of 17.29% from June. 

The financial market was affected by various factors in July. Due to that, the risk aversion sentiment among the investors has risen, causing the funds to flow towards the gold and other safe havens. Despite the huge attention on the attempted assassination of former president, Donald Trump, it was not the main factor contributing to the sentiment among the investors. The main factor was the volatility of the international financial market, such as the less than expected increment rate of the US CPI, etc. 

In this situation, investors have turned to gold to avoid risk, and XAU/USD became the product with the largest trading volume in July.  

Doo Group’s overall trading volume is in a steady growth state. Year to date, Doo Group’s total trading volume is valued at USD 698.50 billion, an expansion of 28.30% as compared to the same period last year. 

According to the recorded data, XAU/USD, EUR/USD, and GBP/USD were the investor’s top picks, contributing 85.89% of July’s total trading volume. Among them, XAU/USD has the highest monthly trading volume at USD 94.88 billion; while EUR/USD and GBP/USD have a total monthly trading volume of USD 15.01 billion. 

Besides, XAU/USD has the largest growth in the monthly trading volume, an increase of USD 23.20 billion or 32.39% as compared to June. 

As an internationally leading financial services group, Doo Group continues to show strong momentum in its trading volume. In the future, Doo Group will continue to develop a global FinTech system and build a comprehensive financial ecosystem. We strive to lead the FinTech transformation in this era, ensuring that our clients are at the forefront of the industry.