LME Gold

LME Gold combines daily prompts (including spot) out to 25 days with monthly and quarterly dates along a tradeable five-year forward curve. In this way, the system seamlessly blends the daily structure of the London over-the-counter (OTC) market, and the monthly futures approach of existing exchange offerings.

The contract can be traded electronically from 01.00 to 20.00 (London time) via LMEselect, and through the 24-hour inter-office telephone market.

Data valid for 15 June 2018

LME GOLD CLOSING PRICES, US$ PER fine troy ounce

Contract Price
SPOT 1277.00
Month 1 1277.10
Month 6 1290.80
Month 12 1308.60
Month 24 1349.80

LME GOLD CLOSING PRICES, US$ PER fine troy ounce

LME Gold Volumes and Market Open Interest

Trading date Volume1 Open Interest2 
13 Jun 1,775    -
12 Jun 904 31,043
11 Jun 1,748 31,617
8 Jun 3,424 32,610
7 Jun 4,497 33,508 
6 Jun 3,146 30,903
5 Jun 758 28,099
4 Jun 683 28,168
1 Jun 2,025 29,469

Volumes are quoted in lots and published T+2 days in arrears
2 Market Open Interest (the total of member and client open positions in lots) is published T+3 in arrears

LME Gold Volumes and Market Open Interest: Current calendar year


29,610
29,610

LME Gold reference prices, US$ per fine troy ounce

 LME Gold
 Date AM Midday      PM 
15 Jun 1300.00 1299.10 1285.10
14 Jun 1305.30 1304.90  1303.20
13 Jun 1294.50 1294.90 1296.60
12 Jun 1298.20 1297.60  1298.80 
11 Jun  1295.90  1295.20  1299.70 
08 Jun 1299.10  1299.60 1299.20
07 Jun 1298.20  1298.50 1297.50
06 Jun 1295.40 1294.50

1301.00

05 Jun 1292.60 1291.20 1292.00
04 Jun 1294.50 1295.30 1295.90
01 Jun 1299.60 1298.10 1293.40

 

LME Gold Reference prices: Current calendar year

LME GOLD Closing prices

LME Gold Contract specifications

Name LME Gold
Contract code AU
Contract type Futures
Underlying material Loco London Fine Gold held in London and complying with standards relating to good delivery and fineness acceptable to the Precious Metal Clearer of the Clearing House for the purpose of effecting settlement with the Clearing House, as such standards are in effect from time to time.
Lot size
100 fine troy ounces
Price quotation
US dollars and cents per fine troy ounce
Clearable currencies
US dollars
Trading venues
LMEselect
Inter-office market
Trading hours 01:00 – 20:00 London time
24 hours
Contract period
Daily Dates tradeable from T+1 to T+3, Monthly Dates for at least 24 months (third Wednesday Prompt) and for a further twelve Calendar Quarterly Dates, as defined in the LME Rulebook
Daily Dates tradeable from T+1 to T+25, Monthly Dates for at least 24 months (third Wednesday Prompt) and for a further twelve Calendar Quarterly Dates, as defined in the LME Rulebook
Minimum price fluctuation (tick size)
$0.100 per fine troy ounce
$0.001 per fine troy ounce
(Carries)
$0.001 per fine troy ounce
$0.001 per fine troy ounce
Termination of trading
The last trading time for LMEprecious Gold Futures shall be 16:00 London time on the Last Trading Day. The Last Trading Day for LMEprecious Gold Futures shall be the Business Day which is one Business Day before the Prompt Date.
Settlement procedure
All unallocated Precious Metal deliveries to LME Clear should be made to LME Clear's nominated Precious Metal Clearer, in accordance with the Settlement Instructions issued by LME Clear
Margining
Realised Variation Margins applied

1 Defined terms used in this contract specification shall have the meaning ascribed to them in the LME Rulebook or LME Clear Rulebook (as appropriate)

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