Description
The Futures Settlement Price for COMEX Gold is published by the Commodity Exchange Inc. (COMEX). This price represents the final price at which the gold futures contract is settled at the end of the trading day. It serves as a critical benchmark for traders and investors to gauge the market value of gold and is often used to assess market sentiment and future price movements.
The settlement price is determined by the closing price of the most actively traded gold futures contract on the trading day. It includes the final trades and may consider the average of the last few trades or a specific calculation method defined by COMEX.
The settlement price is updated daily at the end of the trading session.