gold futures

A Detailed Overview of Gold Futures Gold futures are standardized contracts that are traded on futures exchanges and bind the buyer and seller to buy and sell a certain quantity of gold at a predefined price on a given future date. The main purpose of these contracts is for traders and investors to speculate on future price movements or to protect themselves against price swings in the gold market. U.S. dollars are used to quote gold futures, which normally have a contract size of 100 troy ounces.

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