Gold Futures Contract Specs

Contract Unit	100 troy ounces
Price Quotation	U.S. dollars and cents per troy ounce
Trading Hours	CME Globex:	Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. /CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) TAS: Sun-Fri 6:00 p.m. - 1:30 p.m. ET (5:00 - 12:30 CT) TAM: Asia: Sun - Frid 6:00 p.m. ET - 3:30 p.m. China London a.m.: Sun-Fri 6:00 p.m. ET - 10:32 a.m. London London p.m.: Sun-Fri 6:00 p.m. ET - 3:02 p.m. London
	CME ClearPort:	Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. /CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation	Outright: 0.10 per troy ounce = $10.00 TAS/TAM: Zero or +/- 10 ticks in the minimum tick increment of the outright
Product Code	CME Globex: GC CME ClearPort: GC Clearing: GC TAS: GCT TAM: GCD
Listed Contracts	Monthly contracts listed for 3 consecutive months, any Feb, Apr, Aug, Oct in the nearest 23 months and any Jun and Dec in the nearest 72 months
Settlement Method	Deliverable
Termination Of Trading	Trading terminates at 12:30 p.m. CT on the third last business day of the contract month.
Trade At Marker Or Trade At Settlement Rules	Trading at Settlement (TAS) is subject to the requirements of Rule 524.A. TAS trades off a "Base Price" of zero (equal to the daily settlement price) to create a differential versus the daily settlement price in the underlying futures contract month. The TAS clearing price equals the daily settlement price of the underlying futures contract month plus or minus the TAS transaction price. Trading at Marker (TAM) is analogous to Trading at Settlement (TAS) wherein parties are permitted to trade at a differential to a not-yet-known price. TAM uses a marker price, whereas TAS uses the Exchange-determined daily settlement price for the underlying futures contract month. TAS Table
Settlement Procedures	Gold Settlement Procedures
Position Limits	NYMEX Position Limits
Exchange Rulebook	COMEX 113
Block Minimum	Block Minimum Thresholds
Price Limit Or Circuit	Price Limits
Vendor Codes	Quote Vendor Symbols Listing
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	Gold delivered under this contract shall assay to a minimum of 995 fineness.

About Gold

Gold futures are hedging tools for commercial producers and users of gold. They also provide global gold 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
American-style options
Can be traded off-exchange for clearing only through CME ClearPort

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