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.

US$/tonne for 17 October 2017

LME GOLD CLOSING PRICES, US$ PER fine troy ounce

Contract Price
SPOT 1284.70
Month 1 1286.10
Month 6 1295.10
Month 12 1306.80
Month 24 1332.80

LME GOLD CLOSING PRICES, US$ PER fine troy ounce

LME Gold Volumes and Market Open Interest

32,288
Trading date Volume1 Open Interest2 
13 Oct  4,794     - 
12 Oct  14,586  32,288 
11 Oct  3,908  24,435
10 Oct  6,405  23,898
09 Oct  2,857  22,335
06 Oct  4,871  22,200
05 Oct 5,826 22,742
04 Oct 4,108 23,322
03 Oct  9,576  23,804
02 Oct  5,469  21,135

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

LME Gold reference prices, US$ per fine troy ounce

 LME Gold
 Date AM Midday PM 
29 Aug 1324.00 1320.40 1321.30
30 Aug 1311.10 1311.70 1308.10 
31 Aug  1306.20  1307.20  1312.80 
01 Sep  1318.60  1318.70  1318.70 
04 Sep 1335.00 1334.70 1333.80
05 Sep 1331.20 1332.60 1335.40
06 Sep 1339.90 1338.80 1338.70
07 Sep 1340.10 1339.20 1344.30
08 Sep 1351.90  1354.90 1345.50
11 Sep 1338.70 1337.00  1334.80 
12 Sep  1326.10 1323.80 1326.50 
13 Sep 1332.30 1334.00 1327.80 
14 Sep  1323.10  1324.20  1325.40 
15 Sep 1324.90 1324.70 1324.40
18 Sep 1314.60  1315.30 1312.70
19 Sep 1308.70  1308.40 1310.40
20 Sep 1315.10  1315.40  1312.00
21 Sep 1296.40  1294.00 1291.80
22 Sep 1296.80  1295.90 1295.70
25 Sep  1295.70  1294.30 1293.60
26 Sep  1306.50  1303.30  1301.00
27 Sep  1290.00  1289.90 1283.40 
28 Sep 1283.80  1284.40 1283.40 
29 Sep 1287.90  1289.20 1283.80
02 Oct  1273.10  1274.00  1273.50 
03 Oct 1270.60 1271.40  1272.00 
04 Oct  1275.80 1279.70  1273.80 
05 Oct  1278.30  1278.50  1274.40 
06 Oct  1268.20  1269.50  1261.20 
09 Oct  1282.30  1282.80  1280.90
10 Oct  1288.90  1290.70  1291.90 
11 Oct  1289.80  1289.80  1289.50 
12 Oct  1294.70  1294.90  1290.50 
13 Oct 1294.30 1293.70  1301.30 
16 Oct  1304.80  1305.40   1303.70
17 Oct  1289.60  1289.40   1284.60

 

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 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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