CME Group has announced the launch of 1-Ounce Gold futures, a new offering designed to expand retail investment opportunities in the precious metals market. The move comes as retail interest in gold has surged in recent years, with more investors looking to diversify their portfolios amid economic uncertainties.
“Gold has long been a popular investment, but we’ve seen increased retail interest as more individuals seek diversification in their portfolios,” said the Managing Director and Global Head of Metals at CME Group. “With the introduction of 1-Ounce Gold futures, retail traders will have greater access to liquidity and the efficiency of futures markets, further broadening investment options.”
The 1-Ounce Gold futures contract will be financially settled based on the daily settlement price of the globally recognized Gold futures contract, listed and governed by the rules of COMEX. This product is expected to provide an additional flexible, cost-effective tool for traders to manage exposure to gold.
“We are excited to support CME Group’s launch of 1-Ounce Gold futures,” said a representative from Plus500US. “This product will offer our clients an effective and transparent way to manage precious metals exposure while also diversifying and protecting their portfolios against political and economic fluctuations.”
Isaac Cahaha, CEO of Plus500US, echoed the sentiment, adding, “Gold continues to be in high demand, and we are thrilled that CME Group is responding with smaller-sized offerings, like the 1-Ounce Gold futures. This new contract will give global customers greater flexibility and cost efficiency in capturing gold market opportunities.”
CME Group’s existing Micro Gold and Micro Silver futures products have already seen impressive growth, with Micro Gold futures reaching a record average daily volume (ADV) of 105,000 contracts this year, and Micro Silver futures setting a new ADV high of 19,000 contracts.
The 1-Ounce Gold futures contract complements these offerings, providing retail investors with another option for gaining exposure to gold, one of the world’s most coveted assets. CME Group’s commitment to expanding its range of metals products is in response to the growing demand for more accessible and affordable ways to invest in precious metals.
As the world’s leading derivatives marketplace, CME Group offers a broad spectrum of products across all major asset classes, including interest rates, equity indices, energy, agriculture, and metals. The company also operates CME Clearing, one of the world’s leading central counterparty clearing services, ensuring safe and efficient trade execution for market participants worldwide.
Related Topics:
- Caution Urged for Gold Investors Amid High Macro Fund Positioning
- UBS Analysts Remain Bullish on Gold, Forecast Prices to Reach $3,000 by 2025
- Silver Prices Hold Steady Amid Market Fluctuations
