Gold Market Prices & Rates
- The size of the NYMEX gold futures contract is 100 troy ounces.
- Contract months are February, April, June, August, October and December.
- Gold futures prices are quoted in U.S. dollars per ounce ($1 equals $100 per contract), with a minimum price fluctuation of 10 cents ($10 per contract).
- Another venue for trading gold futures is NYSE Euronext, which purchased the metals complex including mini- and full-size gold futures contracts that were traded at the Chicago Board of Trade prior to the CBOT’s merger into CME Group.
- Another medium to invest in gold is the StreetTracks Gold Shares exchange-traded fund introduced in 2004. Sponsored by a subsidiary of the World Gold Council, the shares are designed to track the price of gold and trade like a continuously offered security.
No comments:
Post a Comment