QUOTE AND NEWS
MarketWatch  2 hrs ago  Comment 
Gold futures dropped on Tuesday for a fifth session in a row, settling at their lowest level since mid-April, as upbeat U.S. economic data raised expectations for a Federal Reserve interest-rate hike in June. Gold for June delivery fell $22.30,...
The Hindu Business Line  May 24  Comment 
Gold futures today fell 0.30 per cent to Rs 29,860 per 10 grams as participants cut their bets amid a weak global trend.Besides, profit-booking by speculators also weighed on gold prices.At the Multi...
The Times of India  May 24  Comment 
Benzinga  May 23  Comment 
June Gold futures are trading lower by $3.70 at $1249.20 per ounce in Monday's session. It's attempting to avoid its first close under $1250 since April 26, when it ended the session at $1243.40. The early morning weakness found support just...
MarketWatch  May 23  Comment 
Gold futures fall, stretching a two-week decline into a new week as growing expectations for an increase in U.S. interest rates as soon as next month hold precious-metals prices at their lowest levels since late April.
MarketWatch  May 20  Comment 
Gold futures fell on Friday, posting a loss of about 1.6% for the week, on concerns that the U.S. Federal Reserve may raise interest rates at its meeting next month. Higher rates can boost the dollar and weigh on dollar-denominated prices for...
The Hindu Business Line  May 20  Comment 
Amid a weak global trend, gold futures fell Rs 76 to Rs 29,978 per ten grams today as participants trimmed their positions. Gold for delivery in far-month August was trading lower by Rs 76 or 0.25 ...
MarketWatch  May 19  Comment 
After rising roughly 20% in the first three months of the year, one of the best gains for any asset in 2016, prominent market analyst, Tom McClellan, is spotting a bearish pattern forming in the yellow metal.
The Hindu Business Line  May 19  Comment 
Comex gold futures fell to a three-week low on Thursday, extending the previous day’s slide, after minutes from the Federal Reserve’s latest policy meeting signalled it could raise US rates as soon ...
MarketWatch  May 19  Comment 
Gold futures settled with a loss on Thursday, at their lowest level in roughly three weeks. Minutes from the U.S. Federal Reserve’s April meeting released late Wednesday suggested that the central bank was open to raising interest rates in June....




 
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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