QUOTE AND NEWS
newratings.com  Apr 25  Comment 
WASHINGTON (dpa-AFX) - Gold futures ended lower on Friday, with investors looking forward to the U.S. Federal Reserve's monetary policy meet outcome next week, for cues into its interest rate hike plans. The precious metal was also impacted...
MarketWatch  Apr 24  Comment 
Gold futures finished lower on Friday to tally a loss of more than 2% for the week as investors looked ahead to the Federal Reserve's policy meeting next week. June gold shed $19.30, or 1.6%, to settle at $1,175 an ounce. Prices, based on the...
MarketWatch  Apr 24  Comment 
Gold futures fall, leaving the yellow metal on track for a weekly loss as investors watch the dollar for directional cues.
The Hindu Business Line  Apr 23  Comment 
Stop-loss:$1,170; target:$1,225
MarketWatch  Apr 23  Comment 
Gold futures finish higher a day after settling at the lowest level of the month.
MarketWatch  Apr 22  Comment 
Gold futures fell Wednesday to settle at their lowest level in April, with some upbeat U.S. economic data and strength in equities drawing investor attention away from the metal. June gold lost $16.20, or 1.4%, to settle at $1,186.90 an...
The Hindu Business Line  Apr 22  Comment 
Amid a weak global trend, gold futures traded down by Rs 96 at Rs 27,007 per 10 gm today as speculators reduced their positions.Gold for delivery in far-month August dropped by Rs 96 or 0.3...
MarketWatch  Apr 21  Comment 
Gold futures settled higher on Tuesday as concerns over debt woes in Greece and ongoing turmoil in the Middle East helped the metal recoup all of what it lost a day earlier. June gold tacked on $9.40, or 0.8%, to settle at $1,203.10 an ounce,...
MarketWatch  Apr 21  Comment 
Gold futures recoup what they lost a day earlier, getting a lift from haven-related buying.
MarketWatch  Apr 20  Comment 
Gold futures settle lower, but silver takes the biggest hit from concerns over a slowdown in China’s economic growth.




 
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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