CME Group Micro Gold and Gold Products Update – July 2020

  • 10 Jul 2020
  • By CME Group
  • Topics: Metals

Micro Gold Futures (MGC) update

COMEX Gold broke through the 1800 level briefly during June, a level not seen since 2011.

*  APAC hour represents 8am-8pm SGT/HKT

Source: CME Group

MGC price movement and daily range (expressed in terms of 1 lot notional)

*  Intraday price movement is expressed as the difference between the daily high price and the daily low price, multiplied by the contract notional size in troy ounce.

Source: CME Group

Options heatmap

From the period of June 1 to July 1, the following options showed relatively large builds in OI:

  • November 1800 calls (+5661 lots)
  • December 2250 calls (+2791 lots)
  • December 1950 calls (+2604 lots)
  • August 1650 puts (+2516 lots)

Source: QuikStrike

Key economic events in July

  • July 2 – US Non Farm Payrolls.  8:30 pm SGT / HKT
  • July 7 – RBA Interest Rate Decision.  12:30 pm SGT / HKT
  • July 14 – US Inflation Numbers.  8:30 pm SGT / HKT
  • July 16 – US Retail Sales.  8:30 pm SGT / HKT
  • July 30 – Fed Interest Rate decision.  2 am SGT/HKT
  • July 30 – US GDP Growth rate.  8:30 pm SGT/HKT

Useful resources

The data and output from this tool does not constitute investment advice and is not a personal recommendation from CME Group.  Nothing contained herein constitutes the solicitation of the purchase or sale of any futures or options.  Any investment activities undertaken using this tool will be at the sole risk of the relevant investor.  CME Group expressly disclaims all liability for the use or interpretation (whether by visitor or by others) of information contained herein. Decisions based on this information are the sole responsibility of the relevant investor.  Any visitor to this page agrees to hold the CME Group and its affiliates and licensors harmless against any claims for damages arising from any decisions that the visitor makes based on such information.