QUOTE AND NEWS
MarketWatch  Mar 25  Comment 
Gold futures approach $1,200 mark as they pursue 6th straight gain
The Hindu Business Line  Mar 25  Comment 
Gold prices fell by 0.33 per cent to Rs 26,264 per 10 grams in futures trade today as participants engaged in reducing positions in tandem with a weak trend overseas.At the Multi Commodity...
MarketWatch  Mar 24  Comment 
Gold futures on Tuesday marked a fifth straight session of gains, with uncertainty surrounding Greece's debt problems helping to lift prices to their highest level since March 5. April gold rose $3.70, or 0.3%, to settle at $1,191.40 an ounce on...
MarketWatch  Mar 24  Comment 
Gold futures score a fifth-straight day of gains, with European jitters and fears of an overheated equity market helping to lift prices to their highest level in nearly three weeks.
MarketWatch  Mar 23  Comment 
Gold futures rose on Monday, with uncertainty surrounding Greece's debt problems and a drop in the dollar fueling a fourth straight session of price gains for the metal. April gold rose $3.10, or 0.3%, to settle at $1,187.70 an ounce on Comex....
The Hindu Business Line  Mar 23  Comment 
The short term outlook is bullish for the gold futures traded on the Multi Commodity Exchange (MCX). The contract has reversed sharply higher after recording a low of ₹25,500/10 gm on We...
The Hindu Business Line  Mar 23  Comment 
Gold prices fell 0.25 per cent to Rs 26,200 per 10 grams at the futures trade today amid a weak trend overseas and profit-booking by speculators.On the Multi Commodity Exchange, gold for de...
MarketWatch  Mar 20  Comment 
Gold futures rose Friday to score a nearly 3% gain for the week, buoyed by a sharp drop in the U.S. dollar. April gold rose $15.60, or 1.3%, for the session to settle at $1,184.60 an ounce on Comex. The weekly gain was the first in three...
The Hindu Business Line  Mar 19  Comment 
Stop-loss:$1,140; target:$1,185
MarketWatch  Mar 19  Comment 
Gold futures settle at a two-week high after the Federal Reserve indicated rate hikes would come at a more gradual pace.




 
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
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki