Sunday, May 10, 2009

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.

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