CME Group to Offer 1 Ounce Gold Futures Contract in 2025

CME Group, a leading derivatives marketplace, announced its plans to launch a 1 Ounce Gold futures contract on January 13, 2025. This initiative is subject to regulatory approval and aims to address the increasing retail interest in gold investments.

Jin Hennig, President and General Manager of CME Group’s Global Metals Division, highlighted the rise in retail interest in gold as a key factor for diversifying investment portfolios. The new 1 Ounce Gold futures are expected to provide retail investors with greater flexibility and access to market liquidity and efficiency.

Steve Sanders, Vice President of Marketing and Product Development at Interactive Brokers, expressed his support for the new product. Sanders emphasized the benefits of the 1 Ounce Gold futures for customers looking to manage their precious metals positions transparently and diversify their portfolios at low costs.

Isaac Cahaha, CEO of Plus500US, welcomed the addition, stating that it would facilitate global customers in capitalizing on gold opportunities. Similarly, Teyu Che Chern, CEO of Phillip Nova, praised the introduction of smaller contract sizes, noting that it would enable a broader audience of investors to engage in gold trading.

This announcement comes as CME Group's Micro Gold and Micro Silver futures products have reached record participation levels this year. Micro Gold futures have averaged a daily volume of 105,000 contracts, while Micro Silver futures have reached 19,000 contracts.

The upcoming 1 Ounce Gold futures will be financially settled according to the daily settlement price of the benchmark Gold futures contract. These contracts will be listed by COMEX and will be subject to COMEX rules. Interested parties can find more details on the CME Group's website.