What is the new GC gold futures contract?

This contract will enable delivery in New York City of Kilo, 100 oz and 400 oz bar sizes for maximum flexibility. As announced in the press release, the contract will also be enabled for inter-commodity spread trading against the GC benchmark gold futures contract, thereby giving existing GC traders efficient access to this new market.

How many ounces are in a gold futures contract?

Each standard Gold Futures (GC) contract represents 100 troy ounces of gold, which is the weight of one gold brick. Why Trade Gold Futures? Gold is often used by investors as a way of diversifying risk and is considered a safe haven in times of turbulent markets. However, the gold market is subject to volatility and speculation itself.

Where are gold futures traded?

Gold futures are traded at the Bolsa de Mercadorias and Futuros (BM&F) and at the Tokyo Commodity Exchange (TOCOM), and the Korea Futures Exchange (KOFEX). The CME gold futures contract calls for the delivery of 100 troy ounces of gold (0.995 fineness), and the contract trades in terms of dollars and cents per troy ounce.

When are gold futures contracts available at Schwab?

Primary gold futures contracts are February, April, June, August, October, and December. At Schwab, you also get access to advanced trading platforms and education, where you can take advantage of market research, real-time gold futures quotes, and other specialized tools.