Gold Futures

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Gold Futures

An agreement to buy and sell a certain amount of gold at a certain date at a certain price. For example, Investor A may make a contract with Farmer B in which A agrees to buy a certain number of bars of B's gold at $800 per ounce. This contract must be honored whether the price of corn goes to $100 or $2,000 per ounce. Gold futures contracts can help reduce volatility in the normally volatile commodity markets, but contain the risks inherent to all speculative investing. These contracts may be sold on the secondary market, but the person holding the contract at its end must take delivery of the underlying.
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The benchmark gold future price soared to an all-time high of 4,568 yen per gram in trading on the Tokyo Commodity Exchange on Friday, topping 4,500 yen for the first time, reflecting increased uncertainties over the global economic outlook, the exchange said.
The existing Gold Future is a kilo contract in size.
Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe King's Bay Gold future plans, objectives or goals, including words to the effect that King's Bay Gold or management expects a stated condition or result to occur.
DGCX's flagship contract, gold futures traded 46,066 contracts in November, recording a significant growth of 22 per cent year-on-year and rising 39 per cent from last month.
Gaurang Desai, Interim CEO of DGCX said: "The continued volume growth in Gold Futures reflects the growing interest from global traders in using the contract to effectively hedge against price fluctuations.
Intercontinental Exchange (ICE) announced that through its new Singaporean exchange and clearing house, it will introduce a one-kilo gold futures contract from 17 March 2015.
CHICAGO (CyHAN)- Gold futures on the COMEX division of the New York Mercantile Exchange ended higher Friday, scoring a weekly gain of 0.
Kevin Maher, a New York resident who said he bought and sold gold and gold futures and options, alleged that the banks overseeing the gold benchmark colluded to manipulate it.
US gold futures for delivery in February finished 0.
GOLD FUTURES is worth plenty of consideration for the BDN Construction Novices' Hurdle at Market Rasen.
The volumes in gold futures climbed 23 per cent from last month, driven by increased price volatility in precious metals, while silver futures grew 53 per cent from August," it stated.
4bn from the US gold futures market for the week ended May 14 by trimming their net long positions in the metal, according to Reuters calculations of data released by the Commodity Futures Trading Commission (CFTC).