CME Group to offer 1-Ounce Gold futures in 2025
The CME Group, a prominent derivatives marketplace, has announced its plans to introduce a 1-Ounce Gold futures contract on January 13, 2025. This move is subject to the approval of regulatory bodies and aims to cater to the growing retail interest in gold investments.
Jin Hennig, the Managing Director and Global Head of Metals at CME Group, highlighted the surge in retail interest in gold as a key factor for diversifying investment portfolios. The new 1-Ounce Gold futures are expected to provide retail traders with more flexibility and access to the market’s liquidity and efficiency.
Interactive Brokers (NASDAQ:IBKR), through its EVP of Marketing and Product Development Steve Sanders, expressed support for the new offering. He emphasized the benefits of 1-Ounce Gold futures for clients seeking transparent management of precious metals exposure and portfolio diversification at a low cost.
Isaac Cahaha, CEO of Plus500US, also welcomed the addition, noting the ease it will bring to global customers in capturing gold opportunities. Similarly, Mr. Teyu Che Chern, CEO of Phillip Nova, lauded the introduction of the smaller contract size, which will allow a wider range of investors to engage in gold trading.
The announcement comes as CME Group’s (NASDAQ:CME) Micro Gold and Micro Silver futures products see record participation levels this year. The Micro Gold futures have reached an average daily volume of 105,000 contracts, while the Micro Silver futures hit 19,000 contracts.
The forthcoming 1-Ounce Gold futures will be financially settled based on the daily settlement price of the benchmark Gold futures contract. These will be listed by and are subject to the rules of COMEX. Interested parties can find more details on the CME Group’s website.
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