Contract Unit | 100 troy ounces | ||||
Minimum Price Fluctuation | 0.10 per troy ounce = $10.00 | ||||
Price Quotation | U.S. dollars and cents per troy ounce | ||||
Trading Hours | 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) | ||||
Product Code | CME Globex: OGCME ClearPort: OGClearing: OG | ||||
Listed Contracts | Monthly contracts listed for 20 consecutive months and any June in December in the nearest 72 months. | ||||
Termination Of Trading | Trading terminates at 12:30 p.m. CT on the 4th last business day of the month prior to the contract month. If the 4th last business day occurs on a Friday or the day before a holiday, trading terminates on the prior business day. | ||||
Position Limits | COMEX Position Limits | ||||
Exchange Rulebook | COMEX 115 | ||||
Block Minimum | Block Minimum Thresholds | ||||
Price Limit Or Circuit | Price Limits | ||||
Vendor Codes | Quote Vendor Symbols Listing | ||||
Strike Price Listing Procedures | Strike Price Listing and Exercise Procedures Table | ||||
Exercise Style | American | ||||
Settlement Method | Deliverable | ||||
Underlying | Gold Futures |
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:
Things to know about the contracts: