Contract Specifications for Gold Futures (GC)
| EXCHANGE | Chicago Mercantile Exchange (CME) |
|---|---|
| PRODUCT SYMBOL | GC |
| VENUE | CME Globex, CME Clear Port, Open Outcry (New York) |
| TRADING HOURS (ALL TIMES ARE NEW YORK TIME/ET) | CME Globex: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT) CME Clear Port: Open Outcry: |
| CONTRACT SIZE | 100 troy ounces |
| PRICE QUOTATION | U.S. dollars and cents per troy ounce |
| TICK SIZE (Minimum Fluctuation) | $0.10 per troy ounce ($10 per contract) |
| TERMINATION OF TRADING | Trading terminates on the third last business day of the delivery month. |
| CONTRACT MONTHS | Trading is conducted for delivery during the current calendar month; the next two calendar months; any February, April, August, and October falling within a 23-month period; and any June and December falling within a 60-month period beginning with the current month. |
| SETTLEMENT TYPE | Physical Settlement |
| DELIVERY PERIOD | Delivery may take place on any business day beginning on the first business day of the delivery month or any subsequent business day of the deliver month but no later than the last business day of the current delivery month. |
| GRADE & QUALITY SPECIFICATIONS | In fulfillment of each contract, the seller must deliver 100 troy ounces (±5%) of refined gold, assaying not less than .995 fineness, cast either in one bar or in three or in three one-kilogram bars, and bearing a serial number and identifying stamp of a refiner approved and listed by the Exchange. A list of approved refiners and assayers is available from the Exchange upon request. |
| POSITION LIMITS | All month accountability level: 6,000 Any one month accountability level: 6,000 Expiration month limit: 3,000 Reporting level: 200 |
| EXCHANGE RULES | These contracts are listed with, and subject to, the Rules and Regulations of COMEX. |
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