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 settled down 0.1% at $1,426.70 per ounce.
BANKING AND CREDIT 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
Global Banking News-June 25, 2019-CME Group, Shanghai Gold Exchange to launch new gold futures contracts
"While strengthening our relationship with SGE, this cooperation will create opportunities for customers who want to access China's physical gold prices alongside our COMEX Gold futures and options," said Derek Sammann, Senior Managing Director, Global Head of Commodity and Options Products, CME Group.
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.
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%.
US gold futures for August delivery gained 0.4 percent to $1,312.30 an ounce.
CHICAGO (CyHAN)- Gold futures on the COMEX division of the New York Mercantile Exchange ended higher Friday, scoring a weekly gain of 0.7 percent as the much-anticipated monthly non- farm payrolls report showed the U.S.
Gold futures are a future contract which chooses the gold as subject, and it is a standardized protocol that the seller and the buyer agree to deal in a specific time in the future based on their agreement.