Market news
06.12.2024, 13:00

CME plans to launch trading in Gold futures for retail investors – Commerzbank

The CME Group intends to start trading a Gold futures contract worth one ounce from mid-January 2025, Commerzbank’s commodity analyst Carsten Fritsch notes.

Even smaller futures contracts to provide tailwind for the Gold price

“This is intended to address the growing interest of retail investors. These mainly invest in bars and coins in physical form as well as in Gold ETFs. Investments in futures contracts have so far been difficult due to the high costs of doing so. This is because a Gold future on the Comex has a lot size of 100 ounces. For this, $11,500 must currently be deposited as margin.”

“A micro Gold futures contract, which is one tenth the size of a conventional Gold future, has been launched by the CME in October 2010 and enjoyed strong demand when the Gold price rose in September.”

“It is quite conceivable that trading in cfurther increase demand from retail investors and provide a tailwind for the Gold price.”

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