Gold futures are a financial instrument used for trading gold as a commodity. They allow traders to speculate on the future price of gold and manage their exposure to price fluctuations. A gold futures contract is an agreement to buy or sell a specific amount of gold at a predetermined price and date in the future. Gold futures are traded on commodity exchanges, such as the New York Mercantile Exchange (NYMEX) and the Tokyo Commodity Exchange (TOCOM), and are used by a range of market participants, including gold producers, jewelers, and investors. Gold futures prices are influenced by a variety of factors, including supply and demand, geopolitical events, and economic indicators, such as inflation and interest rates. As with any financial instrument, trading gold futures involves risk, and traders should carefully consider their objectives and risk tolerance before entering into any positions.
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