Malcolm Wall Morris, the chief executive officer of the Dubai Gold and Commodities Exchange, has said the volume decline reported in the last quarter of 2008 was driven by the global financial crisis.
Fourth quarter volumes fell steeply – falling 41% year-on-year in October, 56% in November and 39% in December.
“The credit crunch has had an impact on the world, and we’re the same,” he said, pointing out that the exchange performed well in the year...