Precious Metals
Gold Futures
A futures contract providing exposure to changes in gold prices. Review the contract specifications, trading conditions, expiry provisions, and risk factors below.
Contract Specifications
Gold Futures Contract Details.
The table below outlines the key specifications of the Gold futures contract. Specific figures are subject to the applicable exchange listing; confirm current details before trading.
| Attribute | Detail |
|---|---|
| Underlying | Gold |
| Category | Precious Metals |
| Contract Size | Refer to the applicable exchange listing |
| Price Quotation | Per troy ounce (USD) |
| Tick Size | Refer to the applicable exchange listing |
| Tick Value | Refer to the applicable exchange listing |
| Trading Sessions | Subject to exchange schedule and holidays |
| Expiry | Refer to the applicable exchange listing |
| Settlement | Cash-settled or delivery per contract terms |
| Margin | Subject to exchange and brokerage rules |
Understanding Futures
Key Contract Elements.
Before considering a futures position, understand the following elements as they apply to the Gold contract.
Underlying Commodity
Gold is the underlying asset. Its price can be affected by supply and demand, economic conditions, currency movements, geopolitical events, and other relevant factors.
Contract Size
The quantity of gold represented by one futures contract. Contract size helps determine the financial exposure associated with a position.
Tick Size and Tick Value
Tick size is the minimum permitted price movement for the contract. Tick value is the monetary impact of that movement for the applicable contract size and currency.
Trading Sessions
The permitted trading periods for the Gold contract. Trading sessions may differ by instrument and can be affected by exchange schedules and holidays.
Expiry
The date or conditions under which the Gold futures contract reaches expiry or ceases trading. Traders should understand the applicable last trading date and any related obligations.
Settlement
The process through which the contractual obligations are completed. Settlement may be cash-based or involve delivery, depending on the specific contract terms.
Margin
Funds required to support a futures position under the applicable exchange and brokerage rules. Margin requirements may change, and a position may be subject to additional margin requirements or liquidation under applicable rules.
Understand the Risks.
Commodity futures involve leverage and market risk. Prices can move rapidly, and losses can be substantial. Positions may be subject to margin calls and liquidation under applicable rules. Contract expiry and settlement conditions can also affect trading outcomes.
Review the relevant contract specifications and risk disclosures before trading. Consider your financial circumstances, trading experience, and tolerance for risk when evaluating whether futures trading is appropriate for you.
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Have questions about the Gold futures contract or accessing commodity markets through Titan Capital? Contact our team for further information.