QUOTE AND NEWS
The Hindu Business Line  5 hrs ago  Comment 
Tracking a weak trend overseas, gold futures fell 0.11 per cent to Rs 27,835 per 10 grams today as speculators reduced their exposures amid a weak global trend.On the Multi Commodity Exchan...
newratings.com  Jul 29  Comment 
WASHINGTON (dpa-AFX) - Gold futures ended lower on Tuesday, as investors remained focused on the U.S. Federal Reserve's monetary policy announcement, due Wednesday. The Fed is widely expected to slash its asset purchases by another $10...
Bloomberg  Jul 29  Comment 
Gold Futures Falls as U.S., European Stocks Advance Gold futures declined as U.S. and European equities advanced, curbing demand for the precious metal as an alternative asset.
Mondo Visione  Jul 29  Comment 
Thailand Futures Exchange PCL (TFEX), under the Stock Exchange of Thailand group, joins hands with seven gold shop operators to offer physical gold exchange service for gold futures investors, enabling them to exchange a matured contract into...
Forbes  Jul 28  Comment 
(Kitco News) - Gold futures prices ended the U.S. day session near steady Monday, while spot gold prices were modestly lower. Some chart consolidation and position evening were featured ahead of what some are calling the biggest week of U.S....
The Hindu Business Line  Jul 28  Comment 
The gold futures contract on the Multi Commodity Exchange (MCX) has been trading in a sideways range over the last three weeks. Interestingly, this range is becoming very narrow every wee...
Forbes  Jul 28  Comment 
(Kitco News) - Large speculators upped to their net-long positioning in gold on short covering but slightly trimmed their net length in silver during the week to last Tuesday, according to the most recent report on positioning from the Commodity...
MarketWatch  Jul 25  Comment 
Gold futures rise 1% to close week above $1,300 mark
Resource Investor  Jul 25  Comment 
It is estimated that $1 billion worth of gold futures were sold in a matter of seconds yesterday at the U.S. open.
newratings.com  Jul 25  Comment 
WASHINGTON (dpa-AFX) - Gold prices are modestly higher Friday morning, bouncing back after three days of losses. Weak global equity markets and short-covering after three days of decline appear to be lifting the yellow metal. However,...




 
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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