The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical gold is actually exchanged between COMEX trading participants, and gold inventories maintained in COMEX vaults in New York are extremely low. This COMEX Gold Futures Market infographic guides you through the largest gold futures market in the world, COMEX.
New York is also storage location for nearly 6000 tonnes of central bank gold stored in the vaults beneath the New York Federal Reserve on behalf of customers such as the International Monetary Fund, the central Bank of Italy, Germany’s Bundesbank, and over 30 other countries. The infographic visually profiles these gold vaults and their operators. Finally, the infographic provides a snapshot of the US gold mining industry, centered in Nevada.
Did you, for example, know that only 1 in 2500 contracts on COMEX goes to physical delivery whereas the other 2499 contracts are cash-settled? This corresponds to a delivery percentage of 0.04% of all gold contracts.
The US government claims to hold a fair bit of gold in reserves but how much is it really holding?
In this US Gold Market infographic you will learn more about the COMEX gold futures market considering:
- COMEX Trading Volumes
- Fractionally Reserved Futures Trading
- Cash-settlement of COMEX Gold Futures Contracts
- Eligible and Registered Gold on COMEX
- US Treasury Gold Reserves
- Location of US Treasury Gold Reserves
- Foreign Gold at the Federal Bank of New York
- US Gold Mining
You can learn more about the US Gold Market at BullionStar.com
US COMEX Gold Futures Market – An infographic hosted at BullionStar.com
Photo credit: BullionVault via VisualHunt / CC BY-ND
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