Traders who purchase futures contracts have the right to obtain gold guarantees, transport bills or gold certificates at any time after the earliest delivery date before the futures contracts are realized. Similarly, traders who sell futures contracts that fail to open positions before the final delivery date must bear the responsibility of delivering gold.
The delivery date and final delivery date of each market in the world are different, so investors should distinguish them. If agreed, the earliest delivery date is 15 of the month when the contract expires, and the latest delivery month is 25th of the month. Generally speaking, futures contracts will be closed before the delivery date.
Extended data
Daytime trading
Futures trading can be closed in the opposite direction according to the price change of the day. Intraday trading is a necessary condition for the successful operation of gold futures, because it provides liquidity for traders. Moreover, there is no need to pay a deposit for the day's trading, only when the open contract is finally paid to the exchange.
Description introduction
An order is an order from a customer to a broker to buy and sell gold, in order to prevent misunderstanding between the customer and the broker. Description includes: behavior (whether to buy or sell), quantity and description (i.e. market name, delivery date, price and quantity, etc.). ) and restrictions (such as purchase restriction and preferential price purchase).
Baidu encyclopedia-gold futures