QUOTE AND NEWS
The Hindu Business Line  5 hrs ago  Comment 
Amid a weak global trend and subdued demand at spot market, gold prices eased further by 0.21 per cent to Rs 26,618 per 10 grams at the futures trade today as speculators engaged in reducing their...
MarketWatch  Aug 26  Comment 
Gold settles at its lowest level in over a week after losing ground for a third straight session.
The Hindu Business Line  Aug 26  Comment 
Amid a weakening global trend, gold futures fell Rs 64 to Rs 26,674 per 10 gm today as participants reduced their positions.Further, fall in demand from jewellers at the spot markets too we...
MarketWatch  Aug 25  Comment 
Gold futures settle near a one week low as stock markets mostly stabilize after the prior day’s rout.
The Hindu Business Line  Aug 25  Comment 
Amid a weak global trend, gold futures traded lower by Rs 186 at Rs 27,262 per 10 gm today as speculators trimmed their positions.Gold for delivery in October dropped Rs 186 or 0.68 per cen...
MarketWatch  Aug 24  Comment 
Gold futures fail to score any gains, despite the metal’s appeal as a haven, while other metals take a hit on the latest rout in Chinese and U.S. stock markets.
newratings.com  Aug 21  Comment 
WASHINGTON (dpa-AFX) - Gold futures ended higher for a third straight session on Friday, with investors seeking the safe haven appeal of the precious metal as the riskier equity assets continued to decline sharply globally on mounting evidence...
MarketWatch  Aug 21  Comment 
Gold futures settle at highest level in more than six weeks
MarketWatch  Aug 21  Comment 
Gold futures on Friday logged a 4.2% gain for the week, their biggest weekly gain since January. Prices for the metal rallied as "equity markets continue to spook investors," said Adam Koos, president of Libertas Wealth Management Group. Dec. gold...
MarketWatch  Aug 21  Comment 
Gold futures gain more than 4% on the week, marking their largest weekly gain since January.




 
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