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The world’s leading benchmark futures contract for gold trades the equivalent of nearly 27 million ounces daily.
- 2,371.10Add to watchlist+24.20 (+1.03%)As of Thu. Jun 20, 2024 10:40 AM EDT · Delayed Quote (USD) · Market open
- Open2,344.20High2,373.00Low2,338.50
- Mkt CapN/AP/E (TTM)N/ADiv & YieldN/A & N/A
- Prev. Close2,346.9052 Wk. Low1,809.4052 Wk. High2,435.80
Gold futures are traded at the Bolsa de Mercadorias and Futuros (BM&F) and at the Tokyo Commodity Exchange (TOCOM), and the Korea Futures Exchange (KFE). The CME gold futures contract calls for the delivery of 100 troy ounces of gold (0.995 fineness), and the contract trades in terms of dollars and cents per troy ounce.
Gold futures are a popular anti-inflation hedge. Learn more about gold futures trading, including contract specs and potential benefits and risks.
Gold’s importance in global markets and responsiveness to world events make our COMEX Gold Futures and Options contracts globally relevant, liquid financial instruments. They are used extensively as a hedge against inflation and are a safe haven in times of financial uncertainty.
Gold Futures Contracts Specifications. Gold futures are standardized exchange-traded contracts that represent 100 ounces of gold (standard contract) or 10 ounces of gold (Micro contract). You can trade Gold futures through the Chicago Mercantile Exchange (CME) on the electronic CME Globex system.
The COMEX Gold futures contract is a global benchmark. Gold that is eligible for delivery is stored in Exchange approved depositories. Market participants include mining companies, refineries, banks, hedge funds and CTAs, proprietary trading firms, and active individual traders.
Feb 20, 2024 · Gold and silver futures contracts can offer a hedge against inflation, a speculative play, an alternative investment class, or a commercial hedge for investors seeking opportunities outside...
