Gold futures can be used as another trading tool for investors, gold traders, banks and companies participating in the gold market to buy and sell and hedge gold prices.
The benchmark purity of a gold futures contract is not less than 995, the contract unit is 100 troy ounce, and the quoted price is USD per troy ounce. The contract month includes the spot month and the next two calendar months. The trading time is from 8: 30 am to 5:00 pm (no pre-market time and no lunch break). The last trading day is the penultimate Hong Kong business day of the contract month.