Gold futures, as mentioned above, are contracts that are traded on exchanges in which a buyer agrees to purchase a specific quantity of the commodity at a. The London Business Day prior to the Contract Date; trading in the expiring Contract Date ends at noon London time on LTD. First Notice Day. The London Business. Gold futures (GC) are settled by CME Group staff based on trading activity on CME Globex during the settlement period. A gold future is a contract between a seller and a buyer to trade a certain amount of gold at a predetermined price at some point in the future. This means that gold is mostly available to trade nearly 24 hours a day, from Sunday afternoon to Friday, with no weekend trading. Unlike the OTC forex and gold.
Hedgers use the markets to lock in future delivery prices. Speculators try to make money on trades and add liquidity to market. You buy futures contracts. For example, a gold future that expires in December would have the symbol: GCZ17 (GC December ). In the world of trading futures there are many. A future is simply a deal to trade gold at terms (ie amounts and prices) decided now, but with a settlement day in the future. It may now be purchased and traded through various channels at various gold rates, removing the need to physically store this precious metal. Gold Futures are. These contracts are available on the CME Globex electronic trading platform, on the trading floor in New York and for over-the-counter (OTC) clearing through. If the limit is reached during the final half hour of trading, trading will resume no later than 10 minutes before the normal closing time. When trading resumes. Traders can place buy and sell orders through their broker to enter or exit a position virtually 24 hours a day in the gold futures market. Explore in-depth financial insights on Gold Futures. Gain instant access to the live Gold price, key market metrics, trading details, and intricate Gold futures. The CME gold futures contract calls for the delivery of troy ounces of gold ( fineness), and the contract trades in terms of dollars and cents per. Gold Continuous Contract ; Day Range 2, - 2, ; 52 Week Range 1, - 2, ; Open Interest , ; 5 Day. % ; 1 Month. %.
All 12 months. Active contract months: February, April, June, August, October & December. Settlement Method. Gold futures trade from 6 p.m. EST to 5 p.m. EST Sunday through Friday. Historical data shows that changes in the price of gold are most active between 6 a.m. Gold Futures Contracts are traded in their own right on Gold Derivatives markets. The Gold Derivatives markets are separate from the actual Gold Commodities. For example, if a hedger sold a gold futures contract and intended to make Of course, the futures contract will no longer trade and investors should. Gold futures are an agreement to trade a specified amount of gold for a specified price on a predetermined future date. A gold futures contract is often used. The three most important gold trading centres are the London OTC market, the US futures market and the Shanghai Gold Exchange (SGE). Electronic trading is conducted via the CME Globex® trading platform from PM Sundays through PM Fridays, Eastern Time, with a minute break each day. There is a one-hour halt between 5 p.m. and 6 p.m. ET. Futures options. Futures options allow you to place an option trade. For gold futures trading hours, COMEX operates almost 24 hours a day but has a minute break starting from PM to PM.
A futures contract is a legally binding, perishable security. Accordingly, each has a distinct expiration date on which the contract's terms are settled. A precious metals futures contract is a legally binding agreement for delivery of gold or silver at an agreed-upon price in the future. Gold future contracts opened for trading in the United States on December 31, , timed to coincide with the lifting of a year ban on the private ownership. The gold futures contracts listed on the Chicago Mercantile Exchange are premier products ifor those interested in gold futures margin trading. The Gold Futures contract in the COMEX Future market trades in the America/New York time zone. You can also see our Videos. You can also get in touch with us.
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What are Futures?