QUOTE AND NEWS
MarketWatch  2 hrs ago  Comment 
Gold futures on Wednesday finished at their highest level in three weeks as the U.S. dollar weakened and fears of an interest-rate rise, which might diminish the appeal of the metal, faded. August gold gained $15.30, or 1.2%, to settle at...
MarketWatch  7 hrs ago  Comment 
Gold futures on Wednesday finished at their best level in three weeks as the U.S. dollar weakened and fears of an interest-rate rise, which might diminish the appeal of the metal, faded.
The Hindu Business Line  12 hrs ago  Comment 
Gold prices rose 0.19 per cent to Rs 29,421 per 10 gram at the futures trade as participants created fresh positions, tracking a firm trend overseas.At the Multi Commodity Exchange, gold for delivery...
newratings.com  Jun 7  Comment 
WASHINGTON (dpa-AFX) - Gold futures were flat Tuesday, unable to extend recent gains amid uncertainty over the Federal Reserve's rate hike outlook. Yesterday, Federal Reserve Chair Janet Yellen gave conflicting signals about whether the...
MarketWatch  Jun 7  Comment 
Gold futures pulled back Tuesday from Monday’s two-week high, settling narrowly lower as the market reacts to a shift in expectations for a U.S. interest-rate increase.
The Hindu Business Line  Jun 7  Comment 
Gold prices rose 0.19 per cent to Rs 29,442 per 10 gram at the futures trade as participants created fresh positions, tracking a firm trend overseas. At the Multi Commodity Exchange, gold for deli...
The Times of India  Jun 7  Comment 
newratings.com  Jun 6  Comment 
WASHINGTON (dpa-AFX) - Gold futures were slightly higher Monday, after Federal Reserve Chair Janet Yellen expressed renewed concerns about the health of the U.S. jobs market. Citing recent data showing the economy generated just 38,000 jobs in...
Benzinga  Jun 6  Comment 
August Gold futures are trading higher by $4.60 at $1247.50 per ounce in Monday's session. It has only briefly traded in the red as $1242.10 stands as the low for the day, which is just below Friday's close of $1242.90. Shortly after 6:00 p.m....
MarketWatch  Jun 6  Comment 
Gold futures pared back some of their earlier gains Monday as U.S. Federal Reserve Chairwoman Janet Yellen said further gradual increases in U.S. interest rates will "probably" be appropriate. Higher interest rates can boost the dollar and weigh...
MarketWatch  Jun 6  Comment 
Gold futures post their highest close in two weeks, continuing to find support on expectations weak jobs data lessen the likelihood of a June U.S. interest-rate increase.




 
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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