Gold futures
Definition
Standardized financial contracts traded on commodity exchanges, obligating the buyer to purchase and the seller to deliver a specific quantity of gold at a predetermined price on a future date, primarily used for hedging against price fluctuations or speculation.
Derivatives market instruments based on the future price of gold, allowing investors to bet on or protect against changes in the spot price of the precious metal without physical delivery.
Examples
With inflation raging, savvy traders piled into gold futures, turning their garages into de facto vaults.
He whispered 'gold futures' like a mantra during family dinners, convinced it was the key to ditching his cubicle life.
Gold futures dipped today, leaving speculators to console themselves with the irony of shiny metal's dull performance.
My broker's hot tip on gold futures had me dreaming of private jets, until reality served up a side of margin calls.