What Are Mini Gold Futures?
Mini Gold Futures (QO) are a smaller-sized version of the standard Gold Futures contract. These contracts provide exposure to the price of gold, one of the most sought-after precious metals in the world. Mini Gold Futures are ideal for traders looking to participate in the gold market with a smaller financial commitment, while still gaining exposure to price movements that can be influenced by factors like inflation, economic uncertainty, and geopolitical events.
Contract Size
- Contract Size: 10 troy ounces of gold (one-tenth of the standard Gold Futures contract size).
Trading Hours
The Mini Gold Futures contract trades nearly 24 hours a day, five days a week, offering consistent access to the global precious metals market.
- 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 ounce.
- Tick Value: $1.00 per tick.
- Minimum Price Fluctuation: $0.10 per ounce.
This makes Mini Gold Futures an excellent choice for traders seeking liquidity, leverage, and exposure to the gold market with a lower financial commitment than the full-sized contracts.
Trading Symbol
- Platform Symbol: QO
Margins
To trade Mini 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 Mini Gold Futures?
- Liquidity: High liquidity ensures tight spreads and efficient execution.
- Accessibility: Smaller contract size makes it easier for retail traders to gain exposure to the gold market.
- Diversification: Add exposure to the precious metals sector to complement other investments in equities or commodities.
- Hedging Opportunities: Gold Futures are widely used as a hedge against inflation and economic uncertainty.
- Price Discovery: Futures markets provide a key mechanism for determining the fair price of gold.
Start Trading QO with Ironbeam
Ironbeam provides a robust trading platform and API to help you access Mini 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.