Gold Futures

(redirected from Gold Future)

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.
Mentioned in ?
References in periodicals archive ?
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.
It will be the first yuan-denominated gold future product to be offered outside of China and it will use the Shanghai Gold Benchmark Price as its pricing mechanism.
The existing Gold Future is a kilo contract in size.
This week DGCX also obtained a license from the Shanghai Gold Exchange (SGE) to list Shanghai Gold Futures, the first yuan-denominated gold future product to be offered outside of China using the Shanghai Gold Benchmark Price as its pricing mechanism.
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.
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.