QUOTE AND NEWS
Resource Investor  Oct 10  Comment 
The U.S. Comex gold futures shot up 2.72% this week to $1,225.30 on Thursday as the market has realized that the Fed will not raise interest rates any time soon.
MarketWatch  Oct 10  Comment 
Gold futures edges lower Friday, with a stronger U.S. dollar trumping a further wave of risk aversion as global equities declined.
The Times of India  Oct 10  Comment 
Gold futures fell 0.23 per cent to Rs 26,897 per 10 grams on Friday as speculators locked in gains amid a weak global trend.
newratings.com  Oct 9  Comment 
WASHINGTON (dpa-AFX) - Gold futures rebounded to end sharply higher on Thursday, after the U.S. Federal Reserve's minutes from its September monetary policy meeting eased fears about a rate hike anytime soon. The uptick comes even as the...
Forbes  Oct 9  Comment 
(Kitco News) - Gold futures surged to their highest level of the month Thursday in a continuing response to less-hawkish-than-expected minutes from the U.S. Federal Open Market Committee.
Forbes  Oct 8  Comment 
(Kitco News) - So far, so good, at least for the bulls.
The Hindu Business Line  Oct 7  Comment 
Gold prices fell by 0.16 per cent to Rs 26,678 per ten grams in futures trade today as speculators indulged in trimming positions in tandem with a weak global trend. At the Multi Commodit...
The Hindu Business Line  Oct 6  Comment 
The gold futures contract traded on the Multi Commodity Exchange (MCX) failed to breach the ₹27,000 (per 10 gm) level last week. The contract fell sharply after recording a high of ₹27,192 on Wedn...
MarketWatch  Oct 6  Comment 
Gold futures gain Monday, recovering somewhat from a drubbing last week that left them under $1,200 an ounce.
newratings.com  Oct 3  Comment 
WASHINGTON (dpa-AFX) - Gold futures plunged to end sharply lower on Friday, after some upbeat jobs data from the U.S. spiking the dollar higher, with unemployment rate at its lowest level in over six years even as employment rose more than...




 
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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