Glossary · G
What is GC?
The standard COMEX gold futures contract: 100 troy ounces, tick $0.10 = $10 per contract.
In context
GC and MGC are two separate markets. Each has its own order book, its own traders and its own volume. Their prices move almost exactly together, because if they drifted apart, traders would immediately buy the cheaper one and sell the dearer one, pulling them back in line. This kind of trading is called arbitrage.
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