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Gold Specifications
Trading Unit 100 troy ounces.

Price Quotation U.S. dollars and cents per troy ounce.

Trading Months for GoldTrading is conducted for delivery during the current calendar month; the next 2 calendar months; any Feb, Apr, Aug, and Oct, falling within a 23-month period; and any Jun and Dec falling within a sixty-month period beginning with the current month.

Minimum Price Fluctuation $0.10 (10¢) per troy ounce ($10.00 per contract).

Last Trading Day Trading terminates at the close of business on the third to last business day of the maturing delivery month. Position Accountability Levels and Limits Any 1 mo. or all months: Six thousand net futures equivalent, but not to exceed three thousand in the spot month.

Delivery Gold delivered against the futures contract must bear a serial number and identifying stamp of a refiner approved and listed by the Exchange. Delivery must be made from a depository licensed by the Exchange. Maximum Daily Price Fluctuation Initial price limit, based upon the preceding day's settlement price, is $75.00 per ounce.

Two minutes after either of the two most active months trades at the limit, trades in all months of futures and options will cease for a fifteen-minute period. Trading will also cease if either of the two active months is bid at the upper limit or offered at the lower limit for two minutes without trading. Trading will not cease if the limit is reached during the final twenty minutes of a day's trading. If the limit is reached during the final half hour of trading, trading will resume no later than ten minutes before the normal closing time. When trading resumes after a cessation of trading, the price limits will be expanded by increments of one hundred percent.

Trading Hours (Eastern Standard Time)

Open outcry trading from 8:20 AM until 1:30 PM.

Delivery Period The 1st delivery day is the 1st business day of the delivery month; the last delivery day is the last business day of the delivery month.

Exchange of Futures for Physicals (EFP)

The buyer or seller may exchange a futures position for a physical position of equal quantity.

EFPs may be used to either initiate or liquidate a futures position.

Grade and Quality Specifications

In fulfillment of each contract, the seller must deliver 100 troy ounces (±5%) of refined gold, assaying not less than .995 fineness, cast either in one bar or in three one-kilogram bars, and bearing a serial number and identifying stamp of a refiner approved and listed by the Exchange.

A list of approved refiners and assayers is available from the Exchange upon request. Margin Requirements Margins are required for open futures positions.

Trading Symbol: GC

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