Besides being a store of wealth and a medium of international exchange, gold is also a vital industrial metal. It is critically important in electronics and other high-tech applications, because it’s an excellent conductor of electricity, it is one of the most chemically stable of the elements, and is extremely resistant to corrosion. Instead of traditional means of investing in gold, such as coins, bullion, and mining stocks, gold futures and options provide and easy and convenient solution for market participants to trade with it.
|CONTRACT SIZE||100 oz.|
|EXCHANGE||Chicago Mercantile Exchange (CME)|
|PRICE QUOTE||USD price of 1 oz.|