Gold Futures Live Chart
COMEX Gold Technical Analysis
About Gold Futures
What is Gold Futures?
Gold futures are standardized, exchange-traded contracts in which the contract buyer agrees to take delivery, from the seller, a specific quantity of gold at a predetermined price on a future delivery date.
Major Worldwide Gold Trading Hubs
The landscape for wholesale gold trading is pretty complex and continuously evolving. The three major gold buying and selling centers are the London OTC marketplace, the US futures market and the Shanghai Gold Exchange (SGE). These markets include more than 90% of worldwide buying and selling volumes and are complemented by smaller secondary market centers around the world.
COMEX Gold Exchange
Despite London’s leading role in the physical market, the COMEX derivatives exchange has become an increasingly important. Trading activity on COMEX is primarily concentrated on the ‘active month’ contract which acts as a proxy for the spot price. Only a small number of contracts physically settle into the delivery of bars into COMEX vaults but the market is nonetheless tightly linked to physical markets through a very active Exchange for Physical (EFP) market. Notably, a steadily increasing share of COMEX volume is transacted during Asian market hours reflecting the exchange’s success of tapping into Asian market growth.