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GC3

$--
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1d
1w
1m

Analysis and statistics

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About

GC3.F represents a Gold futures contract traded on the CME Globex exchange, with the delivery month being March 2023. It allows investors and institutions to speculate on or hedge against future price movements of gold. The contract is typically for 100 troy ounces of gold and is financially settled based on the final settlement price on the contract's expiration date. Participants in this market include miners, jewelers, banks, and individual traders.
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Factors

Gold Price: GC3.F reflects gold futures. Rising gold prices usually boost GC3.F.

Dollar Strength: A strong US dollar often weakens gold, pulling GC3.F down.

Interest Rates: Higher rates can decrease gold's appeal, potentially lowering GC3.F.

Inflation: Concerns about rising inflation can increase gold demand, possibly raising GC3.F.

Geopolitical Risk: Uncertainty boosts gold's safe-haven status, possibly increasing GC3.F.

Supply & Demand: Increased gold supply or decreased demand can put downward pressure on GC3.F.

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