COMEX Gold futures (ticker symbol GC) represent the world’s leading benchmark futures contract for gold prices. The contract offers superior liquidity, trading the equivalent of nearly 27 million ounces daily. Price and Margin. Each COMEX gold contract controls 100 troy ounces of at least 995 fineness gold. If gold is priced at $1,700 an ounce, a gold contract is valued at $170,000. You deposit $6,600 in your margin brokerage account to purchase or sell each futures contract. About Gold. Gold futures are hedging tools for commercial producers and users of gold. They also provide global gold price discovery and opportunities for portfolio diversification. In addition, they: Offer ongoing trading opportunities, since gold prices respond quickly to political and economic events Contract Months: All 12 months. First Notice Day: Last business day of month preceding contract month. Last Trading Day: Third last business day of the month. Trading Hours: Open outcry trading is conducted from 8:20 A.M. until 1:30 P.M. Electronic: 3:15 P.M. on Mondays through Thursdays and concluding at 8:00 A.M. the following day.
Please click here to see the most recent contract specifications and click here for the most recent trading hours. Gold Futures and Gold Option Contract of the contracts are listed in Figure 3. Figure 3: Contract Specifications of COMEX , SHFE and TOCOM Standard Gold Future Contracts6. COMEX. SHFE. TOCOM. Futures Contract Specifications. Open Close Open Close Open Close. Metals: Gold. GC. GC. COMEX. USD 100 Troy Oz. 0.10. 10.0 18:00 17:00. EST. Physical. Summary of RSS3 Futures Contract Specification. Heading. Contract Specification. Underlying Asset, Natural Rubber Ribbed Smoked Sheet No. 3 ( RSS
A Commodity contract's size, months traded, daily limits, minimum tick increments, trading hours and other details unique to each product make up a Futures contract's specification details. A commodity futures Contract specification, commonly known as contract specs , are also provided online by the major commodity Exchanges. is authorized as a Futures Clearing Merchant “FCM” regulated by the National Futures Association and the Commodity Futures Trading Commission, with license no. 0412490. Headquarters: 221 N. LaSalle Street, 25th Floor, Chicago, IL 60601 USA www.ampfutures.com The Nymex gold futures contract calls for the delivery of 100 troy ounces of gold (0.995 fineness), and the contract trades in terms of dollars and cents per troy ounce. Prices - CME gold futures prices (Barchart.com symbol GC) posted their overall low for 2017 in January at $1,147 an ounce as the rally in the S&P 500 to new record highs curbed
14 Sep 2019 Gold's recent action is largely a tale of spec futures trading. Each COMEX gold futures contract controls 100 troy ounces of gold, which is
24 Jul 2013 What does the 2013 plunge in Comex gold warehouse stocks really mean. point to some looming shortage of metal to settle gold futures contracts, The refiner then produces gold bars to the standard and specification of In precious metals, Gold Futures, Silver Futures, Platinum Futures, and E-micro Contract Specifications Section Guide . One COMEX Gold futures contract.