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What instrument tracks gold and trades in volume during overnight?

  1. Is there any liquid instrument that tracks gold during the Europe and Asia sessions?
     
  2. Globex futures.
     

  3. There are many, which ones are you referring to that specifically track GOLD?


    Perhaps actual Gold (ZG) or E7?

    :D
     
  4. Are those the symbols for the electronic sessions because I see 3 gold future contracts on NYMEX and none of them are those symbols.
     
  5. By the way I'm looking for something rather liquid. Looking at ZG at night doesn't seem that liquid, is there something that trades on a European exchange perhaps that tracks spot gold and is more liquid?
     
  6. you need to go out to the june contract to find any volume. and, yes, it's on teh nymex
     
  7. You are better off trading 6E JUN, EuroFx futures.

    GOLD trades like a constipated donkey @ night.
     
  8. Thanks. Where is E7? I don't see that defined on CME. That looks like emini EuroFX, not gold.
     
  9. The active gold contract is GC. 100 ounces of gold. June is the contract where the volume is.

    OldTrader
     
  10. Ah that looks more like it. GC has much more overnight volume than ZG. Thanks. What is ZG? The emini gold?
     
  11. GC is the more liquid contract.

    Take a look at 6E, Euro FX, not the mini, stay away from that!
     
  12. New York gold is a low volume affair. I don't know why anyone would trade that. NYSE now has 100 oz contracts (that do no volume) and mini contracts. I think the mini is YG and is a 33 oz contract. It's low volume too, but the volume is better than the NYSE 100 oz.

    The problem with the GC is that it's 100 oz, meaning that the the contract can move significant dollars, so make sure that 100 oz is appropriate for your account.

    YG trades pretty well in my opinion. Gives a smaller exposure. While the volume is definitely lighter, there's usually good size on the bid/ask if you want to make a trade.

    Just be sure to think about the risk relative to your account size. Gold is volatile, and 100 oz contracts can make/lose alot of money quick.

    OldTrader