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WIKI ANALYSIS
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This article describes a futures contract with a discrete termination or delivery date. View articles referencing this futures contract. |
This article is about the specifications of the commodity futures contract. For Gold Prices in general, see the article on Gold as a commodity.
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, 2009 | GCF9 | GC/F9-NC |
| February, 2009 | GCG9 | GC/G9-NC |
| March, 2009 | GCH9 | GC/H9-NC |
| April, 2009 | GCJ9 | GC/J9-NC |
| May, 2009 | GCK9 | GC/K9-NC |
| June, 2009 | GCM9 | GC/M9-NC |
| July, 2009 | GCN9 | GC/N9-NC |
| August, 2009 | GCQ9 | GC/Q9-NC |
| September, 2009 | GCU9 | GC/U9-NC |
| October, 2009 | GCV9 | GC/V9-NC |
| November, 2009 | GCX9 | GC/X9-NC |
| December, 2009 | GCZ9 | GC/Z9-NC |
Contract Specifications
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]
- Open Outcry (pit session): 8:20 AM until 1:30 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
- ↑ 1.0 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
- ↑ 2.0 2.1 2.2 COMEX Margin requirements for Gold
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