Gold v. Dow Jones Industrial Average During Volatile Times

October 2008 proved to be a value-buying opportunity for gold market bulls. Gold prices rallied from the low of $681.00 to $1,004.90 by February 2009. Today’s gold markets, as was the case in 2008, are responsive to world events, delivering opportunity in nearly all market conditions. COMEX Gold futures are the world’s leading benchmark gold futures contracts, offering superior liquidity to suit a variety of trader types and investment needs.

See the below timeline for Gold v. DJIA’s yearly performance including COMEX Gold’s implied volatility and the economic events which influenced markets.




Gold vs. DJIA

YEAR YEAR END GOLD PRICES (PER OZ.) DOW CLOSING (DEC. 31) ECONOMIC EVENTS
2007 $836.5013,264.82 Dow peaks at 14,164.43
2008$865.008,776.39Recession
2009$1,104.0010,428.05Recession ends
2010$1,410.2511,577.51Obamacare & Dodd-Frank
2011$1,574.5012,217.56European debt crisis
2012$1,657.5013,104.14Economic expansion
2013$1,20204.5016,576.55Sanctions against Iran
2014$1,20206.0017,823.07Eurozone economies falter
2015$1,060.0017,425.03Collapse in oil prices
2016$1,145.5019,762.60Brexit
2017$1,291.0024,179.22US tax reform
2018$1,279.0023,327.46US unemployment at 49-year low
2019$1,514.7528,538.44Coronavirus

Gold vs. DJIA Yearly Returns

COMEX Gold: 13 Years of Implied Volatility



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Contract Specifications


Contract Month

G,J,M,Q,V,Z (Feb, April, June, Aug, Oct, Dec)

Trading Hours

Sunday – Friday 5:00pm – 4:00pm CT with a 60-minute break each day beginning at 4:00pm CT

Product

Gold

Contract Size

100 troy ounces

Trading Venue

CME offers electronic trading almost 24/6

Minimum Tick

$0.10 per troy ounce

Product Symbol

GC

Dollar Value of One Tick

$10.00 U.S. Dollars

Options Available

Quarterly, Serial, Monthly, Weekly

Notional Value

Exchange Rulebook

COMEX 113

Settlement Procedures

Gold Settlement Procedures

Price Limit or Circuit

Price Limits

Settlement Method

Deliverable

Termination of Trading

Trading terminates at 12:30 p.m. CT on the third last business day of the contract month.

Contract Specifications


Product Name

Gold

Options Expirations

Serial and Weekly

Options Symbol

Serial - OG <br>Weekly - OG1-OG5

Trading Venue

Globex

Trading Hours

Sunday – Friday 5:00pm – 4:00pm CT with a 60-minute break each day beginning at 4:00pm CT

Type Of Expiration

American

Minimum Tick Size

$0.10 per troy ounce

Gold GC Price

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Change
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Volume
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