E mini Gold

E mini Gold Meaning:
In commodity market terminology, E-mini Gold refers to small futures contracts on gold of a third of the normal New York COMEX size of 100 ounces or 33 ounces. The futures are traded on the GLOBEX and ClearPort electronic trading platforms of the Chicago Mercantile Exchange.

E mini Gold Example:

E-mini Gold futures contracts are quoted in U.S. Dollars and cents per ounce. The minimum fluctuation is $8.25 or $0.25 per ounce and futures are traded in every month. The last trading day is the third last business day of the month preceding the delivery month and settlement for the futures is financial. The futures are listed with and subject to the same regulations as full futures contracts on the COMEX. The symbol for the E-mini Gold contract is 8Q or XGN.