gold
(Trading symbol GC) - A precious metal traded on the spot and futures market. On NYMEX a contract unit of gold equals 100 troy ounces. One tick in the price of gold is $.10 per troy ounce, or $10 per contract. There are exceptions, but in general, the exchange will call a halt to trading if the price of gold fluctuates more than $75 per troy ounce ($7500 per contract) above or below the previous day's Closing Price. maximum daily price fluctuations are lifted during the final 20 minutes of the trading day. See minimum price movement.
Browse by Subjects
spot commodity
Gold bull
bimetallic standard
special drawing rights
platinum
See All Related Terms »

budget deficit
build into
leverage
settlement date
economic calendar