QUOTE AND NEWS
Forbes  Sep 19  Comment 
(Kitco News) - Gold futures have now given up most of their gains for the year as the metal was pressured again Friday by a muscular U.S. dollar.
newratings.com  Sep 19  Comment 
WASHINGTON (dpa-AFX) - Gold prices are lower Friday morning, extending recent losses as the dollar firmed amid speculation that U.S. interest rates will rise at a faster pace once monetary tightening begins. Gold futures for December delivery are...
The Hindu Business Line  Sep 19  Comment 
Gold prices fell 0.17 per cent to Rs 26,615 per 10 gram at the futures trade today as participants reduced their positions largely with a weak trend overseas amid subdued demand at the domestic sp...
Forbes  Sep 18  Comment 
(Kitco News) - Gold futures stabilized as Thursday’s session wore on due to profit-taking and short covering, bouncing from the lowest level since early January after overnight selling in the wake of a U.S. Federal Open Market Committee meeting.
Forbes  Sep 17  Comment 
(Kitco News) - Gold futures eased modestly but quickly stabilized Wednesday after a policy statement and forecasts from the Federal Open Market Committee that retained the “considerable time” language for when interest rates might rise but...
Forbes  Sep 17  Comment 
(Kitco News) - U.S. gold futures are nearly steady early Wednesday as traders take to the sidelines to see the outcome of a two-day meeting of the Federal Open Market Committee.
Bloomberg  Sep 17  Comment 
Gold Little Changed Near 8-Month Low as Fed Ends Meeting Gold futures traded little changed near an eight-month low in New York as investors waited for the outcome of the...
Forbes  Sep 16  Comment 
(Kitco News) - U.S. gold futures rose modestly for the second day in a row Tuesday, helped in large part by traders buying to cover short positions ahead of the outcome of a two-day meeting of the Federal Open Market Committee.
Forbes  Sep 16  Comment 
(Kitco News) - The combination of improved physical demand in Asia combined with safe-haven buying are helping gold continue to steady after last week’s weakness, with the U.S. gold futures modestly higher so far Tuesday for the second day in a...
The Hindu Business Line  Sep 16  Comment 
Gold futures traded a shade higher at Rs 27,030 per ten gram today as speculators indulged in building up fresh positions amid a firm trend overseas before the US Federal Reserve begins a two-day...




 
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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