What does the gold futures contract mean?
A gold futures contract refers to a futures contract with the gold price of the international gold market as the transaction target at a certain time in the future. The profit and loss of investors' participation in gold trading is determined by the price difference between the gold price at the time of entry and the gold price at the time of exit, so it is very important to choose a suitable entry or exit opportunity.
Gold futures are almost the same as other futures contracts, which are completed by multiplying the standard contract unit by the number of contracts. The commodity variety, quantity, quality, grade, delivery time and delivery place of futures contracts are established and standardized, and the only variable is price.
In addition, the delivery month of gold futures contract is:1~ 65438+February;
Delivery unit: the trading unit of the gold standard contract is each lot1000g, and the delivery unit is 3000g for each warehouse receipt. Delivery must be an integer multiple of each warehouse receipt.
What is the role of gold futures contracts?
Attract investors to carry out risky transactions and increase market liquidity. Secondly, gold futures have the function of hedging.
Summary: The gold futures contract is a futures contract with the gold price of the international gold market as the transaction target at a certain time in the future. In addition, its role is to attract investors to carry out risky transactions and increase market liquidity. Secondly, gold futures have the function of hedging.