Gold futures (GC)

Gold futures (GC) are futures contracts that allow traders to buy or sell gold at a predetermined price on a future date. Gold futures are traded on exchanges such as the COMEX division of the New York Mercantile Exchange (NYMEX) and are settled in cash.

Gold futures are used by a variety of market participants, including hedgers, speculators, and arbitrageurs. Hedgers use gold futures to mitigate the risk of price fluctuations in the physical gold market, while speculators use them to try to profit from changes in the price of gold. Arbitrageurs use gold futures to profit from price discrepancies between different markets.

Gold futures are quoted in US dollars per troy ounce and are traded in increments of 100 troy ounces. The price of gold futures is influenced by a variety of factors, including the demand for gold, global economic conditions, and geopolitical events.

It is important to note that trading gold futures carries a risk of loss and it is important to carefully consider your risk tolerance and develop a solid trading strategy before making any trades.