QUOTE AND NEWS
MarketWatch  4 hrs ago  Comment 
Gold futures settled on Friday at their lowest level in more than five years, hit by a selloff by a large trader, according to an analyst, as China revealed its gold holdings for the first time since 2009. August gold shed $12, or 1.1%, to settle...
MarketWatch  10 hrs ago  Comment 
Gold futures suffer a seventh straight session loss to mark their lowest settlement level in more than five years.
The Hindu Business Line  Jul 16  Comment 
Stop-loss:$1,186; target: $1,135
MarketWatch  Jul 16  Comment 
Gold futures settle at their lowest level in about eight months and stand at what one analyst calls a “technical tipping point.”
MarketWatch  Jul 15  Comment 
Gold futures settled lower on Wednesday, following some better-than-expected U.S. economic data and comments from Federal Reserve Chairwoman Janet Yellen that signaled the likelihood of an interest-rate hike this year. August gold shed $6.10, or...
MarketWatch  Jul 15  Comment 
Gold futures mark lowest settlement since November in the wake of upbeat U.S. economic data and comments from Federal Reserve Chairwoman Janet Yellen.
MarketWatch  Jul 14  Comment 
Gold futures finish lower for a fourth straight session.
MarketWatch  Jul 13  Comment 
Gold futures fall for a third straight session
MarketWatch  Jul 10  Comment 
Gold prices end the session modestly lower, raising the weekly loss to 0.5% following a rally in U.S. stocks and comments from Federal Reserve Chairwoman Janet Yellen.
The Hindu Business Line  Jul 9  Comment 
Stop-loss: $1,201; target: $1,145




 
TOP CONTRIBUTORS

COMEX Gold futures are traded on the COMEX division of the NYMEX under ticker symbol GC in U.S dollars and cents per troy ounce.[1]

The chart at left shows front-month Gold Futures prices in dollars per troy ounce.

Delivery Dates

COMEX 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 COMEX 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, 2009GCF9GC/F9-NC
February, 2009GCG9GC/G9-NC
March, 2009GCH9GC/H9-NC
April, 2009GCJ9GC/J9-NC
May, 2009GCK9GC/K9-NC
June, 2009GCM9GC/M9-NC
July, 2009GCN9GC/N9-NC
August, 2009GCQ9GC/Q9-NC
September, 2009GCU9GC/U9-NC
October, 2009GCV9GC/V9-NC
November, 2009GCX9GC/X9-NC
December, 2009GCZ9GC/Z9-NC


Contract Specification

Contract Size

One COMEX Gold futures contract on the COMEX division of the NYMEX is 100 troy ounces.[1]

Tick Value

$0.10 (10¢) per troy ounce ($10.00 per contract).[1]

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 maturing delivery month..[1]

Margin Requirements

  • Clearing Member/Maintenance - $3999.[2]
  • Member & Hedge Customer - $3999.[2]
  • Non-Member Customer - $5399.[2]

Deliverable Grades

In fulfillment of each contract, the seller must deliver 100 troy ounces (±5%) of refined gold, assaying not less than .995 fineness, cast either in one bar or in three one-kilogram bars, 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 1.8 The COMEX division of the NYMEX's contract specification for COMEX Gold futures
  2. 2.0 2.1 2.2 COMEX Margin requirements for Gold
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