Loading ...Understanding The Implications Of The CME’s New 1oz Gold Futures
CME Group Inc., the parent company of COMEX, the leading U.S. exchange for gold and silver futures, will introduce a one-ounce gold futures contract in January. This move comes in response to soaring demand from retail investors, spurred by gold’s record-breaking rally this year from $2,000 to $2,630—a respectable 32% gain. Smaller-sized gold products have grown increasingly popular among retail investors seeking exposure to precious metals and greater diversification in their portfolios.
Jin Hennig, CME’s Global Head of Metals, described the one-ounce gold contract as “a great way to lower the barrier to entry in our market.” She also noted, “Our clientele is also getting younger. That’s a lot more doable.”
The one-ounce gold futures contract is set to launch on January 13, 2025, pending regulatory approval. This new offering complements CME’s existing retail-focused products, including 10-ounce micro gold and 1,000-ounce micro silver futures, which represent smaller fractions of the standard benchmark contracts. According to CME, these micro contracts have been among the fastest-growing products in their metals derivatives lineup, achieving record trading volumes this year.
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