COMEX Gold is a trading variety of the New York Mercantile Exchange (affiliated to the Chicago Mercantile Exchange Group). Commonly known as new york Gold, it belongs to the American gold trade. The New York Mercantile Exchange is divided into NYMEX and COMEX. According to the New York Mercantile Exchange's definition, its futures trading is divided into NYMEX and COMEX.

1. the New York Mercantile Exchange's gold futures trading market can dominate the trend of global gold prices. Its gold trading volume is the largest in the world. Trading is mainly based on futures and options, and the actual delivery of gold only accounts for a small part; COMEX gold trading is mainly participated by large hedge funds and institutional investors, and its trading has great trading strength in the gold market; The huge trading volume has attracted many speculators, and the whole gold futures trading market has high market liquidity.

Second, the fineness standard of gold is the same as that of London. In the early COMEX gold trading, only public bidding was adopted. Later, COMEX launched an electronic trading system, but COMEX did not cancel the public bidding, but mixed two modes. In the early days of this market, public bidding was followed by electronic trading system, which enabled participants to trade almost 24 hours a day at COMEX. There is close interaction between London and new york Gold Exchange, resulting in swap transactions such as London spot gold and new york futures gold.

3. the New York Mercantile Exchange gold futures contract:

1, comex gold futures trading unit: 100 ounce;

2.comex gold futures quotation unit: US dollars and US cents/ounce;

3. The minimum price fluctuation of 3.comex gold futures: 0. 10 USD/ounce, i.e. 10 USD/lot;

4.comex gold futures trading time: outcry trading is from 08: 20 to13: 30 on the same day; After-hours electronic trading is from Monday to Thursday: 14: 00 to 08: 00 the next day; Friday: from 14: 00 to17:15; Sunday: 18: 00 to 08: 00 the next day; Last trading day of comex gold futures: the third trading day before the last working day of each month;

5.comex gold futures grade and quality requirements: the purity shall not be lower than 99.5%;

6.comex gold futures delivery period: from the first working day to the last working day of the delivery month;

7. Futures-spot conversion (EFP): The buyer or seller can use the same number of futures contracts to convert spot positions. EFP can be used to open or close positions: comex gold futures trading month: the next two calendar months, all February, April and August, 10 month in 23 months, all June and 12 month in 60 months;