Gold Futures

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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US gold futures for April delivery were down 30 cents an ounce at $1,330.
Gold futures on the COMEX division of the New York Mercantile Exchange settled lower on Thursday as the U.
Dubai Gold and Commodities Exchange (DGCX), the region's largest and most diversified derivatives bourse, witnessed a surge in Gold and currencies trading in June, which can, in part be attributed to the recent listing of additional 'Calendar spreads' on the Exchange's Gold Futures and G6 Currency contracts.
On Monday the CME, in response to the spike in volatility, raised the margins for initiating and holding a position in COMEX gold futures by 22%.
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.
Further, the company said that the first tranche of products include the following regional futures contracts, Mini ICE Brent Crude futures; One-kilo Gold futures; Chinese Cotton No1 futures; Chinese White Sugar futures; and Chinese Renminbi futures, all of which will be settled in cash except the One-Kilo Gold futures contract that will be physically settled, with delivery in Singapore.
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 December rose on 22 November, finishing at $1,244.
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.
Summary: Mumbai: Indian gold futures extended gains on Monday, helped by a weaker rupee and .