Futures contracts are based on expectations of future prices, the cost of carry and interest rates, investors are exposed to an additional source of variability: the shape of the futures curve. When the futures curve is upward sloping (futures prices are higher than spot), which is typical for gold, it is said to be in contango, which generally reflects the cost of carry. - Shanghai Gold Exchange (SGE) to Introduce New T+N Contracts Linked to COMEX Gold Futures Asia Spot Prices CHICAGO and SHANGHAI , Sept. 11, 2019 /PRNewswire/ -- CME Group, the world's leading and 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. The "benchmark" contract for Gold is almost always the COMEX contract from the CME. It can be traded in three sizes: * Full size: 100 troy ounces (or about 3.11kg) * miNY: 50 troy ounces (or about 1.555kg) * E-micro: 10 troy ounces (or about 311g Gold delivered under this contract shall assay to a minimum of 995 fineness. Exchange Rules These contracts are listed with, and subject to, the rules and regulations of COMEX.
E-minis are futures contracts that represent a fraction of the value of standard futures. They are The table below lists some of the more popular E-mini contracts, with the initial and maintenance margins required by CME. COMEX E-Mini Gold Futures, CME (formerly COMEX), QO, 50 troy ounces, $0.25, $12.5, $3,376 Things to know about the contracts: Physically delivered; Block-trade eligible; American-style options; Can be traded off-exchange for clearing only through CME COMEX Gold futures (ticker symbol GC) represent the world's leading benchmark futures contract for gold prices. The contract offers superior liquidity, trading Contracts are listed for 60 months forward, enabling the establishment of a forward price curve. Electronic futures trading available on CME Globex, facilitating risk
- Shanghai Gold Exchange (SGE) to Introduce New T+N Contracts Linked to COMEX Gold Futures Asia Spot Prices CHICAGO and SHANGHAI , Sept. 11, 2019 /PRNewswire/ -- CME Group, the world's leading and 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. The "benchmark" contract for Gold is almost always the COMEX contract from the CME. It can be traded in three sizes: * Full size: 100 troy ounces (or about 3.11kg) * miNY: 50 troy ounces (or about 1.555kg) * E-micro: 10 troy ounces (or about 311g Gold delivered under this contract shall assay to a minimum of 995 fineness. Exchange Rules These contracts are listed with, and subject to, the rules and regulations of COMEX. At today’s prices, therefore, a gold futures contract would be worth approximately $130,300 with gold currently trading at $1,303 per ounce. A silver futures contract would have a value of $103,150 with silver currently trading at $20.63 per ounce. Each option contract controls 100 ounces of gold. If the cost of an option is $12, then the amount paid for the option is $12 x 100 = $1200. Buying a gold futures contract which controls 100 ounces requires $7,150 in initial margin. Buying physical gold requires the full cash outlay for each ounce purchased.
9 Mar 2017 Futures contracts become physically deliverable or cash settled upon expiration. Gold is a physically deliverable contract. There two two very 7 Mar 2020 ‡Includes physical and futures contracts. role in the physical market, the COMEX derivatives exchange operated by CME Group has become 31 Oct 2017 CME will launch a futures contract based on bitcoin, a big step toward moving the digital currency into the financial mainstream. 14 Aug 2019 Attention Traders, The following CME Group Margins for Gold Futures (GC) are effective at the CLOSE of business today, 8/14/19: Thank you 12 Nov 2019 CME Group specified that one Bitcoin futures contract will represent 5 BTC quoted in U.S. dollars, with a block minimum of five contracts. 5 Feb 2015 For example, just 38,304 gold futures contracts changed hands in person in the Comex pits in January, down 29 percent from the same month Get detailed information about Gold Futures including Price, Charts, Technical Analysis, Historical data, Reports and more. Contract Size100 Troy Ounces.
24 Aug 2012 contract markets: CME, CBOT, NYMEX and COMEX. Acquired by CME Group Our options markets are based on option contracts on futures. 4 Jun 2017 CME Group Exchanges Charge One Trader With Impermissibly 2016 it entered and cancelled over 7,100 orders in the gold futures 2015 Central Appalachian Coal futures contracts by the last calendar day of the month. A physically settled daily futures contract for gold delivered loco London in unallocated vault accounts. Market Specifications. Trading Screen Product Name : Gold 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 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. Trade COMEX Gold futures and options contracts for a globally relevant, liquid financial instrument to help you hedge against inflation. A safe haven in times of financial uncertainty, our suite of gold products includes full (100 oz.), E-mini (50 oz.), E-micro (10 oz.), and kilo size contracts to provide market users with flexibility, transparency, and choice in tailoring their risk management programs.