QUOTE AND NEWS
Benzinga  Apr 27  Comment 
June Gold futures are trading higher by $4.30 in Wednesday's session. It has been trading higher the entire session after closing Tuesday at $1243.40. After a higher open, it retreated but found support ahead of the close at 1244 and continued to...
MarketWatch  Apr 27  Comment 
Gold futures finished Wednesday at their highest level in a week, then slipped under $1,250 an ounce in electronic trading.
newratings.com  Apr 26  Comment 
WASHINGTON (dpa-AFX) - Gold futures inched higher Tuesday as the dollar softened against major rivals. Trading was subdued ahead of tomorrow's crucial Federal Reserve meeting. Economists expect no change to monetary policy, but the...
MarketWatch  Apr 26  Comment 
Gold futures settled slightly higher Tuesday as the dollar slipped ahead of the Wednesday conclusion of the Federal Reserve's policy meeting. Gold for June delivery rose $3.20, or 0.3%, to settle at $1,243.40 an ounce, as the U.S. dollar ...
The Hindu Business Line  Apr 26  Comment 
Gold prices fell by Rs 56 to Rs 29,206 per 10 gram in futures trading today as participants indulged in profit-booking at prevailing levels even as precious metals strengthened overseas.At the Multi ...
newratings.com  Apr 25  Comment 
WASHINGTON (dpa-AFX) - Gold futures rose Monday as traders bet on a dovish pronouncement from the Federal Reserve mid-week. June gold futures settled $10.20 higher at $1,240.20 an ounce. The Fed announces its latest policy decision Wednesday. A...
MarketWatch  Apr 25  Comment 
Gold futures rose Monday, with the June contract on Comex rising $10.20, or 0.8%, to close at $1,240.20 an ounce. The bounce saw gold claim back just over half of Friday's sharp fall. Analysts tied the rebound in part to renewed pressure on the...
The Hindu Business Line  Apr 25  Comment 
Gold prices were up by Rs 89 to Rs 29,110 per 10 grams at the futures trade today as speculators created positions amid positive cues from the global market. At the Multi Commodity Exchange, gold f...
MarketWatch  Apr 22  Comment 
Gold futures settled sharply lower Friday on the back of a stronger U.S. dollar, to finish out the week with a loss of 0.4%. June gold dropped $20.30, or 1.6%, to settle at $1,230 an ounce. For the week, prices lost roughly 0.4%, according to...
The Hindu Business Line  Apr 22  Comment 
Gold prices fell 0.14 per cent to Rs 29,547 per 10 ten grams at the futures trade as traders trimmed their positions, tracking a weak global trend.At the Multi Commodity Exchange, gold for delivery in...




 
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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