Micro Gold Futures Contract
Micro Gold futures are 1/10 the size of the Gold futures contract. Gold is among the most widely traded futures products worldwide. Although Gold futures are contracts for physically-deliverable commodities, these products are also critical tools for diversifying portfolios and mitigating risk. Traditionally, gold has been seen as a “safe haven” in times of global economic or political uncertainty, and as such, prices may often move inverse to the U.S. dollar, treasury bonds, and U.S. stock indexes.
Contract Unit
10 troy ounces
Futures Contract
Symbol
CME Globex: MGC
Trading Hours
CME Globex: Sunday – Friday 5:00 p.m. – 4:00 p.m. Chicago/Central Time (CT).
Minimum Price
Fluctuation
0.10 per troy ounce = $1.00
Contract Months
February, April, June, August, October & December.
Settlement Method
Deliverable
Price Limit / Circuit
Source: CME Group
The above information was derived from sources believed to be reliable and accurate. It is provided without guarantees and is subject change without notice.
Since 2001, Insignia Futures & Options has been providing commodity futures brokerage services to investors from all over the world.
Take the next step and open your futures trading account today…
