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Asian Gold

Understanding Asian Gold Demand
Resource Investor  Nov 19  Comment 
Don’t dismiss India’s love of gold as just tradition. Indians in their investment choices have shown considerably greater wisdom than most of their Western counterparts. And it is not just Indians.
Asian Gold markets flat US employment data awaited
Commodity Online  Oct 3  Comment 
A positive job report is bullish for the USD and thereby bearish for bullion. This time around the report may indicate 150K of additional jobs even as the past reports showed 201K on September 6.
Asian Gold Demand Key Price Determinant
Resource Investor  Aug 9  Comment 
The American and European gold investor should always remember that the East – primarily India and China – exerts a massive influence on the gold market. India’s gold market alone is almost four-times bigger than the US gold market.
Asian gold bugs eye price weakness, c.bank buying
Reuters  Jun 25  Comment 
Weak bullion prices and prospects for bargain buying by central banks will take centre stage at a gold industry gathering in Indonesia this week, along with the country's plans for a raft of new mining regulations that could be worrying for...
Asian Gold Demand ‘Decent’ & Premiums ‘Steady’
Resource Investor  May 25  Comment 
London quotes for wholesale gold bars held above $1,560 per ounce Friday morning, cutting the week's losses to 1.9% as European stock markets reversed their earlier rally and the euro fell to a new two-year low.
The great Asian gold theft crisis
guardian.co.uk  Jan 31  Comment 
With its value at a record high, gold has never been more attractive to thieves. Now burglars with metal detectors are targeting the homes of British Asian families for their collections of high-quality 'Indian gold' jewellery Two small faces...
Will Kim Jong Il's death hit Asian gold prices?
Commodity Online  Dec 21  Comment 
The news of the death of North Korean leader Kim Jong-Il did not affect gold prices notably, but if tensions rise, gold could eventually be a beneficiary, said HSBC in a research note.
Asian gold buyers thrilled at price fall UBS says buy Gold
Commodity Online  Dec 19  Comment 
Gold prices dropped more than 7% last week and ndash; the biggest weekly loss since September. Liquidity squeezed speculators and banks have been closing long positions and selling gold this past week but global physical demand remains robust.
Asian Gold Demand Soars
TheStreet.com  Sep 23  Comment 
Nigel Moffatt, head of Treasury at Gold Corporation, which operates the Perth Mint, says India is buying gold on price dips and China is buying gold no matter what the price.
UK and US Data Shows Stagflation Threat Deepening - Asian Gold Demand Remains Very High
FX Street  May 18  Comment 
Gold and silver have snapped their three day losing streak so far this morning and both are higher... For more information, read our latest forex news and reports.




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 This article describes a futures contract with a discrete termination or delivery date. View articles referencing this futures contract.
 
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Sr. Director
Charles Armstrong
Asset Prime


Asian Gold futures are traded on the New York Mercantile Exchange under ticker symbol QS in U.S. dollars and cents per gram.[1]

As of 31 August 2010, pan-Asian multi-product commodity and currency derivatives exchange - Singapore Mercantile Exchange (SMX) - is listing Singapore's first gold futures contract with physical delivery-based settlement at high-security vaults.[2]

The SMX platform offers multi-currency multi-asset pricing, trading and clearing with guaranteed settlement and delivery through its clearing house SMX Clearing Corporation.

Chart

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Delivery Dates

Asian Gold futures are delivered every year in January, February, March, April, May, June, July, August, September, October, November and December (all months).[1]

The following is a table with Asian Gold futures delivery dates and resultant tickers for 2009. For an explanation on commodity tickers see commodity ticker construction.

Delivery Month Full Ticker Symbol Thomson-Reuters Symbol
January, 2009QSF9QS/F9-NM
February, 2009QSG9QS/G9-NM
March, 2009QSH9QS/H9-NM
April, 2009QSJ9QS/J9-NM
May, 2009QSK9QS/K9-NM
June, 2009QSM9QS/M9-NM
July, 2009QSN9QS/N9-NM
August, 2009QSQ9QS/Q9-NM
September, 2009QSU9QS/U9-NM
October, 2009QSV9QS/V9-NM
November, 2009QSX9QS/X9-NM
December, 2009QSZ9QS/Z9-NM


Contract Specifications

Contract Size

One Asian Gold futures contract on the New York Mercantile Exchange is 1,000 grams.[1]

Tick Value

$0.005 per gram.[1]

Contents

Daily Price Limit

None.[1]

Trading Hours

  • On the CME Globex electronic platform: 6:00 PM Sundays through 5:15 PM Fridays, with a 45-minute break each day between 5:15 PM and 6:00 PM, New York Time[1]

Last Trading Day

Trading terminates at the close of business on the third to last business day of the month preceding the named contract month.[1]

Margin Requirements

  • Clearing Member/Maintenance - $1286.[3]
  • Member & Hedge Customer - $1286.[3]
  • Non-Member Customer - $1736.[3]

Deliverable Grades

Refined gold, assaying not less than .995 fineness, and bearing a serial number and identifying stamp of a refiner approved and listed by the Exchange. A list of approved refiners and assayers is available from the Exchange upon request.[1]

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 The New York Mercantile Exchange's contract specification for Asian Gold futures
  2. ↑ http://www.smx.com.sg/Products/GoldFutures.aspx
  3. ↑ 3.0 3.1 3.2 NYMEX Margin Requirements for Asian Gold
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