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What is the tick size and tick value for Gold Futures?

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Let's break down the tick size and tick value for Gold Futures. Keep in mind that these specifications can vary slightly depending on the exchange, but I'll provide the standard information based on the most commonly traded Gold Futures contract (traded on the COMEX exchange, part of the CME Group).

Gold Futures (COMEX)
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• Contract Symbol: GC
• Trading Unit: 100 troy ounces
• Tick Size: $0.10 (ten cents) per troy ounce
• Tick Value: $10.00 ($0.10 x 100 ounces)

Explanation
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• Tick Size: The minimum price fluctuation allowed for the contract. In the case of Gold Futures (GC), the price can only move in increments of $0.10 per ounce.
• Tick Value: The monetary value of one tick. Since each contract represents 100 ounces of gold:
  • A price movement of $0.10 per ounce results in a $10.00 change in the contract's value.

Example
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Let's say Gold Futures are trading at $2,000.00 per ounce.

• The price could move to $2,000.10 (up one tick). This would increase the contract's value by $10.00.
• The price could move to $1,999.90 (down one tick). This would decrease the contract's value by $10.00.

Important Considerations
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• Exchange Variations: Always double-check the exact specifications with the specific exchange you are trading on (e.g., CME Group/COMEX). Exchange rules can change.
• Electronic Trading: Electronic trading platforms will automatically enforce these tick increments.

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Where to Find Definitive Information
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The most accurate and up-to-date information will always be found on the exchange's official website. For COMEX Gold Futures, go to the CME Group website and search for the "GC" contract specifications.

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