QUOTE AND NEWS
MarketWatch  Jul 6  Comment 
Gold futures settle lower Friday, but still notch a slight gain for the week, after a mostly upbeat U.S. jobs report was seen keeping the Federal Reserve on a path toward gradually higher interest rates.
The Hindu Business Line  Jul 5  Comment 
Comex gold futures, drifted lower on Thursday despite a weaker dollar as investors worried that US Federal Reserve minutes would highlight the prospec
MarketWatch  Jul 5  Comment 
Gold futures settle with a gain on Thursday, finding support from some weakness in the U.S. dollar, but prices for the metal then ease back following the release of minutes from the Federal Reserve’s June meeting.
MarketWatch  Jul 3  Comment 
Gold futures climbed Tuesday to recoup much of the previous session's losses as the U.S. dollar weakened against most of its currency rivals. August gold rose $11.80, or nearly 1%, to settle at $1,253.50 an ounce. Prices had settled at $1,241.70...
MarketWatch  Jul 3  Comment 
Gold futures finish sharply higher Tuesday, clawing back from a steady decline that had pushed the commodity to lowest finish since December, as a brawny dollar paused its advance.
The Hindu Business Line  Jul 3  Comment 
Gold prices went down by 0.13 per cent to Rs 30,551 per ten grams at the futures trade as speculators trimmed their positions owing to a weak global
Benzinga  Jul 2  Comment 
Gold is one of the most important assets on Wall Street, and has been for hundreds of years. It’s by far the most popular of the precious metals—a family that includes copper and silver—and next to oil is the most actively traded commodity...
MarketWatch  Jul 2  Comment 
Gold futures fall to their lowest level since December
The Hindu Business Line  Jul 2  Comment 
Silver drops to to Rs 39,728 per kg
The Hindu Business Line  Jun 29  Comment 
Silver futures rise to Rs 39,980 per kg




 
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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