Glossary · C
What is COMEX?
The CME Group exchange where gold futures (GC, MGC) are listed.
In context
- Futures (GC and MGC). A futures contract is a standardised contract traded on an exchange. For gold, the main exchange is COMEX, part of CME Group in the United States. GC is the standard gold futures contract (100 troy ounces) and MGC is the Micro Gold contract (10 troy ounces). CME also lists a smaller one-ounce gold contract; check CME's website for its current details.
Learn it in depth
- Chapter 0: Trading from Zero: Markets, Gold, CFDs and Futures
- Chapter 1: The Gold Futures Contract and the Trading Day
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