CME Group says it plans to launch a 1-Ounce Gold (1OZ) futures contract on January 13, 2025, pending regulatory review. The move comes as retail investor interest in access to gold continues to mushroom with gold approaching the USD 2700 level.
CME Group’s Micro Gold and Micro Silver futures products are already among some of the fastest growing metals products, reaching record levels of participation this year. Average daily volume (ADV) for Micro Gold futures year-to-date is a record 105,000 contracts, while ADV for Micro Silver futures is a record 19,000 contracts.
“Gold has always been a popular investment, but retail interest has surged in recent years as more market participants look to diversify their portfolios,” said Jin Hennig, Managing Director and Global Head of Metals at CME Group. “1-Ounce Gold futures will broaden opportunities for a wider range of retail traders, providing even more flexibility to access the liquidity and efficiencies that our futures provide.”
1-Ounce Gold futures will be financially-settled based on the daily settlement price of the global benchmark Gold futures contract and will be listed by and subject to the rules of COMEX.
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“We are pleased to support CME Group’s launch and offer clients access to 1-Ounce Gold futures alongside the extensive range of investment products already available on our platform,” said Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers. “1-Ounce Gold futures give our clients the ability to transparently manage precious metals exposure while diversifying and protecting their portfolios from political and economic events at a low cost.”
Expansion of smaller-sized offerings by CME
“As gold continues to be in high demand, we are pleased that CME Group is expanding their smaller-sized offerings with 1-Ounce Gold futures,” said Isaac Cahaha, Plus500US CEO. “This new contract will make it easier than ever for our global customers to capture gold opportunities in a flexible, cost-effective way.”
“We welcome the introduction of the smaller 1-ounce gold futures contract, as it opens the door for a broader spectrum of investors to participate in gold trading,” added Teyu Che Chern, CEO of Phillip Nova. “Gold is increasingly viewed by our clients as a key component of a well-diversified portfolio.”
As the world’s leading derivatives marketplace, CME Group enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities.
CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company also offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing.
