E-mini Gold Futures (QO) | Contract Overview

What is a E-mini Gold Futures Contract?

An E-mini Gold futures contract (Ticker: QO) is a standardized, exchange-traded agreement that allows traders to speculate on the price of gold with significantly lower capital requirements than the standard contract. Representing 50 troy ounces exactly half the size of the benchmark 100-oz Gold (GC) contract. The E-mini provides a perfect ‘middle ground’ for active day traders. Unlike the standard contract, the E-mini is cash-settled, meaning traders can gain exposure to global gold price movements 24/5 without the complexities of physical delivery. With a tick value of $12.50, it offers the ideal balance of liquidity and precise risk management for modern brokerage accounts.

What are the contract specifications for E-mini Gold Futures?

The E-mini Gold Futures (QO) is a cash-settled COMEX contract representing 50 troy ounces of gold, offering a capital-efficient way to trade gold price fluctuations.

Product:

E-mini Gold

Futures Contract Symbol:

QO

Exchange:

CME

Contract Size:

50 troy ounces

Trading Hours:

Sunday–Friday: 5:00 PM – 4:00 PM CT (Daily break: 4:00 PM – 5:00 PM CT)

Minimum Price Fluctuation:

0.25 per troy ounce = $12.50

Contract Months:

Monthly contracts (Feb, Apr, Jun, Aug, Oct, Dec) falling within a 24-month period for which a 100 troy ounce Gold Futures contract is listed.

Settlement Method:

USD – Settled Index Future

Exchange Fees:

Margin Requirements for E-mini Gold Futures

Holding Period:

Day Trading Margins

Overnight Margins

Margins:
$250
$13,200

Other contracts can be found on our margins page.

Source: CME

The above information is derived from sources believed to be accurate. It is provided without guarantees and is subject change without notice.

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