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Gold
Perhaps no other market in the world has the universal appeal of the gold market. For centuries, gold has been coveted for its unique blend of rarity, beauty, and near indestructibility. Nations have embraced gold as a store of wealth and a medium of international exchange; individuals have sought to possess gold as insurance against the day-to-day uncertainties of paper money.
COMEX gold futures, options, miNY contracts provide an important alternative to traditional means of investing in gold such as bullion, coins, and mining stocks.
Gold futures contracts are also valuable trading tools for commercial producers and users of the metal. Commercial concentrations of gold are found in widely distributed areas: in association with ores of copper and lead, in quartz veins, in the gravel of stream beds, and with pyrites (iron sulfide). Seawater contains astonishing quantities of gold, but its recovery is not economical.
The greatest early surge in gold refining followed the first voyage of Columbus. From 1492 to... |
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Daily Chart - Spot Month |
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C=Last
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Margins |
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Non-Member Customer Initial |
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$2,750 |
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Member Customer Initial |
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$3,713 |
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Clearing Member and Customer Maintenance |
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$2,750 |
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