Shanghai Gold (USD) Futures - Contract Specs
Contract Unit | 32.15 troy ounces |
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Price Quotation | U.S. dollars and cents per troy ounce |
Trading Hours | Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET) |
Minimum Price Fluctuation | 0.10 per troy ounce = $3.215 |
Product Code | CME Globex: SGU CME ClearPort: SGU Clearing: SGU |
Listed Contracts | Monthly contracts listed for 3 consecutive months and all February, April, June, August, October, and December contracts within a 12-month period |
Settlement Method | Financially Settled |
Floating Price | The Floating Price for each contract month shall be the closing price of the Shanghai Gold Benchmark Price PM on the last trading day. The Shanghai Gold Benchmark Price PM shall be converted to US Dollars per troy ounce using the USD/CNH rate as reported by EBS Service Company Limited and using a conversion factor of 32.15 troy ounces per kilogram and rounded to the nearest $0.05. |
Termination of Trading | Trading terminates on the 3rd last U.S. business day of the contract month unless it is not a Chinese business day. If it is not a Chinese business day, trading terminates the previous U.S. and China business day. |
Settlement Procedures | |
Position Limits | |
Exchange Rulebook | |
Block Minimum | |
Price Limit or Circuit | |
Vendor Codes |