Metals futures · COMEX
GCGold
One GC tick is $0.10 per troy ounce, worth $10 per contract. One point is worth $100.
Contract specifications
| Specification | GC |
|---|---|
| Contract | Gold |
| Exchange | COMEX |
| Contract size | 100 troy ounces of gold |
| Minimum tick | $0.10 per troy ounce |
| Tick value | $10 |
| Point value | $100 |
The global benchmark for gold. It trades on real yields, the dollar and risk appetite, and is the futures trader's usual way to express a macro view.
Micro contract: MGC - Micro Gold, $1 per tick.
How much room a funded account gives you on GC
Every Get Funded Now futures account has a 3% maximum drawdown. Divided by GC's $10 tick, that is how far one contract can move against you before the account is breached. Trading your full position limit divides that room by the number of contracts.
| Account | Max drawdown | Ticks of room, 1 GC | Max contracts | Ticks of room, max GC |
|---|---|---|---|---|
| $25,000 | $750 | 75 | 2 | 37 |
| $50,000 | $1,500 | 150 | 4 | 37 |
| $75,000 | $2,250 | 225 | 5 | 45 |
| $100,000 | $3,000 | 300 | 6 | 50 |
| $150,000 | $4,500 | 450 | 9 | 50 |
Size a trade from your stop with the futures position size calculator, or see how end-of-day trailing drawdown works.
Specifications are set by the exchange and are published here for reference. Check the futures rules for the instruments available on your account.
Questions
What is the tick value of GC?
One GC tick ($0.10 per troy ounce) is worth $10 per contract.
How much is one point on GC?
A full one-point move is worth $100 per contract.
What does one GC contract represent?
100 troy ounces of gold, traded on COMEX.
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