Since ancient times gold has been coveted for its unique blend of rarity, beauty, and near indestructibility. Nations have embraced it as a store of wealth and a medium of international exchange, and individuals have sought to possess it as insurance against the day-to-day uncertainties of paper money.
Today, the principal gold producing countries include South Africa, the United States, Australia, Canada, China, Indonesia, and Russia.
Gold futures are hedging tools for commercial producers and users of gold. They also provide global price discovery and opportunities for portfolio diversification.
Product Symbol GC CME
Venue Globex, CME ClearPort, Open Outcry (New York)
(All Times are New York Time/ET)
|CME Globex:||Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)|
|CME ClearPort:||Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)|
|Open Outcry:||Monday – Friday 8:20 a.m. – 1:30 p.m. (7:20 a.m. – 12:30 p.m. CT)|
Contract Size 100 troy ounces
Price Quotation U.S. Dollars and Cents per troy ounce
Minimum Fluctuation $0.10 per troy ounce
Termination of Trading Trading terminates on the third last business day of the delivery month.
Listed Contracts Trading is conducted for delivery during the current calendar month; the next two calendar months; any February, April, August, and October falling within a 23-month period; and any June and December falling within a 60-month period beginning with the current month.
Settlement Type Physical
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