QUOTE AND NEWS
The Hindu Business Line  7 hrs ago  Comment 
Gold prices moved down by 0.35 per cent to Rs 27,990 per 10 gram at the futures trade today after participants offloaded partial positions, taking weak cues from global market.On the Multi...
newratings.com  Jul 21  Comment 
WASHINGTON (dpa-AFX) - Gold futures ended moderately higher Monday, on its safe haven appeal with investors shunning riskier assets amid mounting worries over developments in Ukraine, Israel and the Middle East. Investor focus remained on the...
The Hindu Business Line  Jul 21  Comment 
The gold futures contract traded on the Multi Commodity Exchange (MCX) has been trading in a sideways range between ₹27,350 and ₹28,600 for 10 gm over the last four weeks. On the global...
Forbes  Jul 21  Comment 
(Kitco News) - Large speculators trimmed their net length in gold but added to their net-long position in silver, according to the most recent weekly report on positioning of market participants from the Commodity Futures Trading Commission.
Forbes  Jul 21  Comment 
December Comex gold futures bounced higher in early Monday morning trade. Last week's action saw the gold contract slip lower in a correction, but the market held and rebounded from at Fibonacci retracement support zone.
The Hindu Business Line  Jul 21  Comment 
Gold prices rose 0.15 per cent to Rs 28,007 per 10 grams at the futures trade today as speculators created fresh positions on positive cues from global market.On the Multi Commodity Exchang...
WA Business News  Jul 20  Comment 
Gold futures have retreated as some investors pared their holdings of the haven asset as they reassessed the geopolitical situation in Eastern Europe.
newratings.com  Jul 18  Comment 
WASHINGTON (dpa-AFX) - Gold futures snapped a two-day gain to end lower Friday, on profit taking after yesterdays significant spike tracking declining global equity markets and brewing tensions over the Malaysian Airlines passenger plane crash in...
MarketWatch  Jul 18  Comment 
Gold futures end week down 2%
The Hindu Business Line  Jul 18  Comment 
Gold prices fell 0.16 per cent to Rs 28,155 per 10 grams at the futures trade today as speculators trimmed positions due to a weak global trend.On the Multi Commodity Exchange, gold for del...




 
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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