COMEX Gold Futures Options Trading News

 Free Gold Futures Trading Guide

Gold Futures Trading and Options

Gold Futures options trading broker onlineMetals Brochure (PDF)

Metals Product Brochure for Active Individual Traders

Metals Update - Monthly

Options Strategy Guide for Metals Products

Volatility Trading For Gold (PDF)

Gold Futures and Options Fact Card

gold futures options

 

Gold Futures:

Gold futures are hedging tools for commercial producers and users of gold. They also provide global price discovery and opportunities for portfolio diversification. In addition, they:

  •  Offer ongoing trading opportunities, since gold prices respond quickly to political and economic events
  • Serve as an alternative to investing in gold bullion, coins, and mining stocks


Things to know about the contracts:

 

  • Physically delivered
  • Block-trade eligible
  • Can be traded off-exchange for clearing only through CME ClearPort


About Gold

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.

Following the California gold discovery of 1848, North America became the world's major gold supplier. From 1850 to 1875, more gold was discovered here than in the previous 350 years. By 1890, the gold fields of Alaska and the Yukon were the principal sources of supply and, shortly afterwards, discoveries in the African Transvaal indicated deposits that exceeded even these. Today, the principal gold producing countries include South Africa, the United States, Australia, Canada, China, Indonesia, and Russia.

Gold is a vital industrial commodity. It is an excellent conductor of electricity, is extremely resistant to corrosion, and is one of the most chemically stable of the elements, making it critically important in electronics and other high-tech applications.

Gold Contracts Specifications

Product Symbol GC

Venue CME Globex, CME ClearPort, Open Outcry (New York) (New York) Hours (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 9:00 AM to 2:30 PM (8:00 AM to 1:30 PM 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 Delivery Period Delivery may take place on any business day beginning on the first business day of the delivery month or any subsequent business day of the delivery month, but not later than the last business day of the current delivery month.Grade and Quality Specifications Gold delivered under this contract shall assay to a minimum of 995 fineness.

Position Limits NYMEX Position Limits

Rulebook Chapter 113

Exchange Rule Silver Futures Option Trading

Underlying Futures     Gold Futures

Product Symbol     OG
Venue     CME Globex, CME ClearPort, Open Outcry (New York) (New York)

Hours(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)

Contract Size 

One COMEX Gold futures contract

Option Style    

American

Minimum Fluctuation    

$0.10 per troy ounce

Expiration of Trading 

Trading terminates on the fourth business day prior to the underlying futures delivery month.  If the expiration day falls on a Friday or immediately prior to an Exchange holiday, expiration will occur on the previous business day.

Listed Contracts    

Trading is conducted in the nearest six of the following contract months:  February, April, June,  August, October, and December. Additional contract months - January, March, May, July, September, and November - will be listed for trading for a period of two months. A 60-month options contract is added from the current calendar month on a June-December cycle.

Strike Prices  

$10.00 per ounce apart for strike prices below $500, $20.00 per ounce apart for strike prices between $500 and $1,000, $50.00 per ounce apart for strike prices above $1,000.For the nearest six contract months, strike prices will be $5.00, $10.00, and $25.00 apart, respectively.

Settlement Type     Exercise into futures

Delivery Period    

Delivery may take place on any business day beginning on the first business day of the delivery month or any subsequent business day of the delivery month, but not later than the last business day of the current delivery month.

Grade and Quality Specifications 

Gold delivered under this contract shall assay to a minimum of 999 fineness.

Position Limits     NYMEX Position Limits
Rulebook Chapter     115

Exchange Rule   These contracts are listed with, and subject to, the rules and regulations of NYMEX.

E-Mini Futures / Energy Futures / Grain Futures / Currencies Futures / Metal Futures / Financial Futures / Soft Futures / Livestock FuturesJoss Report / WebOE / Simulated Trading / News / Charts Quotes / Tools