COMEX黄金期货是什么意思

Core Viewpoint - COMEX gold futures (trading code: GC) are standardized gold futures contracts listed on the New York Mercantile Exchange (COMEX), part of the CME Group, and represent the most liquid and influential gold derivatives market globally [1][3]. Group 1: Contract Specifications - Each contract has a size of 100 troy ounces (approximately 3.11 kilograms), priced in USD per ounce, with a delivery standard of gold purity not less than 99.5% [4]. Group 2: Trading Mechanism - The trading mechanism employs margin trading (leverage), with most contracts settled in cash rather than physical delivery, primarily involving hedge funds, investment banks, and institutional investors [4]. Group 3: Trading Hours - Trading occurs nearly 24 hours continuously, covering U.S. Eastern Time from Sunday to Friday, corresponding to Beijing time from Sunday 20:00 to Friday 22:00 (with slight adjustments for daylight saving time) [4]. Group 4: Global Pricing Benchmark - COMEX gold futures prices are closely linked to the London spot gold (LBMA), with settlement prices often based on the London afternoon fixing price, serving as a core reference for global gold pricing [4]. Group 5: Market Influences - Prices are primarily influenced by Federal Reserve interest rate expectations, the U.S. dollar index, geopolitical risks, and global inflation expectations, with changes in positions directly affecting global gold market sentiment [4].