Open outcry trading is conducted from 8:20 AM until 1:30 PM.
Electronic trading is conducted from 6:00 PM until 5:15 PM via the CME Globex? trading platform, Sunday through Friday. There is a 45-minute break each day between 5:15PM (current trade date) and 6:00 PM (next trade date).
Trading Months
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.
Delivery Period
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.
