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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On the international gold future data processing, the calculated daily growth rate of Comex gold future prices (following Comex) forms the analytical sample, and the time range of the two sets of data starts from January 1, 2010, to December 31, 2012.
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.
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.
The existing Gold Future is a kilo contract in size.
US gold futures settled down 0.1% at $1,426.70 per ounce.
In the fourth quarter of 2019, pending regulatory reviews, CME Group will launch two new financially-settled gold futures contracts denominated in U.S.
Global Banking News-June 25, 2019-CME Group, Shanghai Gold Exchange to launch new gold futures contracts
M2 EQUITYBITES-June 25, 2019-CME Group, Shanghai Gold Exchange to launch new gold futures contracts
BANKING AND CREDIT NEWS-June 25, 2019-CME Group, Shanghai Gold Exchange to launch new gold futures contracts
There is a strong desire to own gold in the UAE, but at present it is difficult for smaller investors to buy Gold Futures given the large size of the contracts.
gold futures for December delivery were 0.2 percent lower at $1,273.80 an ounce.
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.