You also need enough in the account to … Bitcoin’s Institutional Interest Ramps Up, CME BTC Options Volume Go 25x By Crypto Briefing - Jun 17, 2020. U.S. exchange operator CME Group Inc said on Tuesday it was launching a new gold futures contract with expanded delivery options that include gold bars, in a bid to address the disruptions to bullion's supply due to the coronavirus outbreak. The new contract is expected to launch with a first expiration of April The options for the new contract sizes include 100-troy ounce, 400-troy ounce and 1-kilo gold bars. GC00 | A complete Gold Continuous Contract futures overview by MarketWatch. 4 days ago. According to flash data for gold futures markets from CME Group, open interest rose by more than 5K contracts on Wednesday after two consecutive daily Sellers of futures make money when the price difference between the expiring and later-dated futures exceeds the cost of financing and storing gold for the period between the two. Free intra-day Gold Futures Prices / Gold Quotes. Monetary value of all finished goods and services produced within a country; broadly measures overall economic activity, CPI (Consumer Price Index) GC futures make it easy to take part in today’s gold markets, which can be very responsive to world events -- delivering opportunities in nearly all market conditions. The contract offers superior liquidity, trading the equivalent of nearly 27 million ounces daily. Understand how CME Group can help you navigate new initial margin regulatory and reporting requirements. COMEX Gold futures (ticker symbol GC) represent the world’s leading benchmark futures contract for gold prices. When the futures curve is upward sloping (futures prices are higher than spot), which is typical for gold, it is said to be in contango, which generally reflects the cost of carry. Gold Margin Requirements - (n) fiat US dollar deposits held at CME Clearing to ensure that clearing members can meet their obligations to their customers and to CME Clearing. © 2020 CME Group Inc. All rights reserved. Ready to take the next step? Continuing: This has deterred some investors from buying and holding gold on CME Group's Comex exchange in New York, the world's largest precious metals futures trading venue. Financial crises and elections create financial uncertainty and in turn, impact demand for and the price of gold, Non-Farm Payroll Open interest in gold futures markets rose for the second session in a row on Friday, this time by nearly 4.9K contracts in light of flash data from CME Group. 1 Donald Trump; 2 Cleveland Indians; 3 Lindsey Boylan Cuomo; 4 Green Bay Packers; Free intra-day Gold (Globex) Futures Prices / Gold (Globex) Quotes. "An important measure of how well the market has recovered is when open interest picks up and the roll cost stays low," said John Reade, chief strategist at the World Gold Council. It also generated record revenues for investment banks and others selling gold - income that will likely fall back as trading normalises. Mid-month by BLS; measures inflation or cost-of-living changes, tracking the average price of a basket of goods and services. For example, when gold is trading at $600 per ounce, the contract has a value of $60,000 ($600 x 100 ounces). The market is still not fully recovered. View the futures and commodity market news, futures pricing and futures trading. CME Group’s advanced figures for gold futures markets noted open interest rose … For CME and CBT products submitted via CME ClearPort Clearing, the hours are: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday 5:45 p.m. – 6:00 p.m. CT Find the resources you need –introductory courses, trading tools and simulators, research, market commentary and more - at the CME Institute: Stay up-to-date with the In FOCUS daily newsletter. How lovely. Open interest in gold futures markets resumed the downside on Monday, this time by around 2.8K contracts according to flash data from CME Group. Intraday futures prices are delayed 10 minutes, per exchange rules, and are listed in CST. ), and kilo size contracts to provide market users with flexibility, transparency, and choice in tailoring their risk management programs. For graphic of Open interest vs prices: https://fingfx.thomsonreuters.com/gfx/ce/ygdpzblrepw/ROLL%20OI%20VS%20PRICE.JPG, For graphic of Gold ETFs vs futures: https://fingfx.thomsonreuters.com/gfx/ce/jznvnnadmvl/ROLL%20ETFS%20VS%20SPEC.JPG, (Reporting by Peter Hobson; Editing by Jan Harvey), CME Group's E-mini Equity Options Trading Volume Surpasses 500,000 Contracts in More Than Three Months, https://fingfx.thomsonreuters.com/gfx/ce/ygdvzbeorvw/ROLL.JPG, https://fingfx.thomsonreuters.com/gfx/ce/xlbpgzerqvq/ROLL%20DELIVERIES.JPG, https://fingfx.thomsonreuters.com/gfx/ce/ygdpzblrepw/ROLL%20OI%20VS%20PRICE.JPG, https://fingfx.thomsonreuters.com/gfx/ce/jznvnnadmvl/ROLL%20ETFS%20VS%20SPEC.JPG. Gold Futures . Commodity futures prices / quotes and market snapshots that are updated continuously during trading hours. According to the CME Institute, “Gold is arguably the most watched and diverse commodity in the world.” Gold Futures (GC) trade on the COMEX exchange, which is part of the CME (Chicago Mercantile Exchange) Group. The contract offers superior liquidity, trading the equivalent of nearly 27 million ounces daily. Some of these will be delivered against and others rolled forward in the coming weeks. Each standard Gold Futures (GC) contract represents 100 troy ounces of gold, which is the weight of one gold brick. CME Group CME declared the launch of a gold futures contract with expanded delivery options. The new contract, following the fulfillment of regulatory approval, is … Sign up to receive our daily futures and options newsletter, In Focus. CME Group, the world's leading and most diverse derivatives marketplace, today announced the launch of a new gold futures contract with expanded delivery options that include 100-troy ounce, 400-troy ounce and 1-kilo gold bars. For graphic of Comex gold rush: https://fingfx.thomsonreuters.com/gfx/ce/xlbpgzerqvq/ROLL%20DELIVERIES.JPG. In gold futures (SI) trading, two different kinds of margin requirement levels get made for two different types of market participants. Since March, record amounts of physical gold have changed hands on Comex, peaking in June with deliveries against 55,102 contracts representing 5.5 million ounces. Get the latest Gold price (GC:CMX) as well as the latest futures prices and other commodity market news at Nasdaq. Understand how the bond market moved back to its normal trading range, despite historic levels of volatility. Modern Slavery Act Transparency Statement, Sunday - Friday 5:00 p.m. – 4:00 p.m. CT with a 60-minute break each day at 4:00 p.m. CT, CME Globex offers electronic trading almost 24 hours/6 days a week, Current calendar month plus next two calendar months, Within 23-month period: Any Feb, Apr, Aug, & Oct contract, Within 72-month period: Any Jun & Dec contract, Trades equivalent of 27 million ounces/day - 30x SPDR Gold ETF at 0.8 million ounces/day, With GC futures, pay no management fees vs. an ETF that charges a fee on your position every day it’s held, Nearly 24-hour access enables you to act, not wait, as major events (Brexit, U.S. elections) unfold, GC futures have standardized physical delivery terms; redeeming ETF holdings for physical gold can be complex and restricted to certain investors, Gold ETF investments are treated as a collectible subject to large capital gains tax, vs blended 60 long-term/40 short-term capital gains treatment for GC futures, If looking to trade on margin, initial margin can be as low as 3% of contract value, versus 50%+ margin for ETF, plus any broker financing fees, Exchange-traded futures’ standardized terms make Buying and selling positions easier, All market participants see the same transparent prices, not just the other counterparty, Futures offer substantially mitigated counterparty credit risk, with payment backed by the exchange, You can easily offset your futures position in a centralized, electronic market -- unlike non-transferrable positions of forwards, Futures are regulated by CFTC oversight; trade settlement of forwards is dependent on counterparty. 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