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Help on Gold (GC)
Comex Gold Futures are traded on the COMEX Exchange. The price
of Gold is quoted in dollars per troy ounce. The standard contract
size is 100 troy ounces. The minimum trading increment is a 10
cents.
Gold prices are read as follows:
A price of 298.80 would be read as $298.80 per troy ounce
A move from 298.80 to 299.80 would be a difference of $100.00
excluding commissions and fees. The minimum change is $0.10 dollar
or $10.00
Formula: $299.80 - $298.80 = $1.00 *100 = $100.00
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