What Are Micro Gold Futures?
Micro Gold Futures (MGC) are a smaller-sized version of standard Gold Futures contracts, providing traders with exposure to gold price movements at a fraction of the financial commitment. These contracts are ideal for retail traders looking to speculate or hedge against gold price changes in a manageable way.
Contract Size
- Contract Size: 10 troy ounces of gold.
Trading Hours
The Micro Gold Futures contract trades nearly 24 hours a day, five days a week, offering consistent access to the global gold market.
- Trading Hours: Sunday to Friday, 5:00 PM to 4:00 PM CT (with a 1-hour daily trading halt from 4:00 PM to 5:00 PM CT).
- Time Zone: Central Time (CT).
Tick Value and Increment
- Tick Size: $0.10 per troy ounce.
- Tick Value: $1.00 per tick.
- Minimum Price Fluctuation: $0.10 per troy ounce.
This makes Micro Gold Futures an excellent choice for precision trading in the precious metals market with smaller financial exposure.
Trading Symbol
- Platform Symbol: MGC
Margins
To trade Micro Gold Futures, you’ll need to meet specific margin requirements. Check out Ironbeam’s Margins Page for the latest margin rates and details.
Why Trade Micro Gold Futures?
- Accessibility: Lower margins and smaller contract size make MGC accessible to retail traders.
- Flexibility: Manage risk with smaller contract sizes compared to standard Gold Futures.
- Liquidity: Benefit from deep liquidity in the gold futures market.
- Diversification: Add exposure to the precious metals market as part of your broader trading strategy.
Start Trading MGC with Ironbeam
Ironbeam provides a robust trading platform and API to help you access Micro Gold Futures with ease. Trade confidently with free real-time Level 2 market data and personal broker support.
DISCLAIMER: There is a substantial risk of loss in trading commodity futures and options products. Losses in excess of your initial investment may occur. Past performance is not necessarily indicative of future results. Please contact your account representative with concerns or questions.