What Are Gold Futures?

Gold futures are traded on the COMEX under the symbol GC, in one of the most active and liquid futures markets in the world. COMEX futures contracts represent 100 troy ounces of gold, and are priced in U.S. dollars and cents per troy ounce. 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 72-month period beginning with the current month.

COMEX gold futures are for physical delivery, and trading terminates on the third last business day of the delivery month.

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