| Trading Unit |
100 troy ounces. |
| Price Quotation |
U.S. dollars and cents per troy ounce. |
| Trading Hours (All times are New York time) |
Open outcry trading is conducted from 8:20 AM until 1:30 PM.
Electronic trading is conducted from 6:00 PM until 5:15 PM via the CME Globex? trading platform, Sunday through Friday. There is a 45-minute break each day between 5:15PM (current trade date) and 6:00 PM (next trade date).
|
| Trading 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. |
Minimum Price Fluctuation
|
$0.10 (10￠) per troy ounce ($10.00 per contract). |
| Last Trading Day |
Trading terminates at the close of business on the third to last business day of the maturing delivery month. |
| Delivery Period |
The first delivery day is the first business day of the delivery month; the last delivery day is the last business day of the delivery month.
Exchange of Futures for Physicals (EFP)
The buyer or seller may exchange a futures position for a physical position of equal quantity. EFPs may be used to either initiate or liquidate a futures position. |
| Grade and 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 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 Accountability Levels and Limits |
Any one month/all months: 6,000 net futures equivalent, but not to exceed 3,000 in the spot month. |
| Margin Requirements |
Margins are required for open futures positions. |
| Trading Symbol |
GC |
