SUBSCRIBE NOW to see what difference this service can make to you.
MetalExchangeDirect.com is a service of Peony Online, Inc., the world’s first online metal information provider. It offers a full spectrum of information on primary and scrap metals, including
|1)|| Peony’s C/B/E (Consumer Broker Exporter’s Prices), which is the most authoritative and widely used scrap metal pricing report in North America.
Its interactive nature has enabled thousands of transactions to take place since its inception in 1993.
|2)||Peony Instant Quote (IQ), a 24/7 service that allows users to post metals and non-metal materials as often and as many as possible. It also features customized platforms to promote users’ companies and products.
|3)|| live LME/Comex exchange data, Shanghai metals and India metals closing prices, charts and news, a service known for its comprehensive information, accurate data transmission and user-friendly display.
It is the least expensive service of its kind in the marketplace.
Please sign up NOW for your no-commitment free trial.
Contact Us NOW for Peony’s C/B/E
Guide to Comex Gold Futures Trading & Market Data
100 troy ounces.
U.S. dollars and cents per troy ounce.
Trading Hours (All times are New York time)
Open outcry trading is conducted from 8:20 AM until 1:30 PM.
Electronic trading is conducted via the CME Globex® trading platform from 6:00 PM Sundays through 5:15 PM Fridays, Eastern Time, with a 45-minute break each day between 5:15 PM and 6:00 PM. Off-Exchange transactions can be submitted solely for clearing to the NYMEX ClearPort® clearing website as an exchange of futures for swaps (EFS) or exchange of futures for physicals (EFP) transaction until 5:15 PM, Monday through Friday, and the day preceding a holiday.
Trading is conducted for delivery during the current calendar month; the next two calendar months; any February, April, August, and October falling within a 23-month period; and any June and December falling within a 60-month period beginning with the current month.
Minimum Price Fluctuation
$0.10 (10¢) per troy ounce ($10.00 per contract).
Last Trading Day
Trading terminates at the close of business on the third to last business day of the maturing delivery month.
Gold delivered against the futures contract must bear a serial number and identifying stamp of a refiner approved and listed by the Exchange. Delivery must be made from a depository licensed by the Exchange.
The first delivery day is the first business day of the delivery month; the last delivery day is the last business day of the delivery month.
Exchange of Futures for Physicals (EFP)
The buyer or seller may exchange a futures position for a physical position of equal quantity. EFPs may be used to either initiate or liquidate a futures position.
Grade and Quality Specifications
In fulfillment of each contract, the seller must deliver 100 troy ounces (±5%) of refined gold, assaying not less than .995 fineness, cast either in one bar or in three one-kilogram bars, and bearing a serial number and identifying stamp of a refiner approved and listed by the Exchange. A list of approved refiners and assayers is available from the Exchange upon request.
Position Accountability Levels and Limits
Any one month/all months: 6,000 net futures equivalent, but not to exceed 3,000 in the spot month.
Margins are required for open futures positions.