Gold futures (GC and MGC)

Gold reacts to interest rates, the US dollar and risk news. A $1 move is $100 on one mini and $10 on one micro.

Tick size

0.1

smallest price move

Per tick

$10 / $1

GC / MGC

Per point

$100 / $10

per $1 move

Contract months

G J M Q V Z

check your platform's contract

Exchange: COMEX (part of CME Group), traded electronically on Globex
Contract size: GC: 100 troy ounces of gold. MGC: 10 troy ounces.
Contract months: February, April, June, August, October, December are the active months (G J M Q V Z)
Last trading day: Third-last business day of the contract month. Volume moves to the next active month before delivery.

Risk on a $2,000 drawdown

What one contract loses if the stop is hit, and how much of a typical $50K account's $2,000 trailing drawdown that uses. Example stops, before slippage and commission.

Stop	1 GC	1 MGC
$3 move	$300 · 15%	$30 · 1.5%
$5 move	$500 · 25%	$50 · 2.5%
$10 move	$1,000 · 50%	$100 · 5%

When it trades

GC hours

Event	New York	Your time	Why it matters

Globex trades Sunday 6pm to Friday 5pm New York, with a one-hour break each day. Times follow US daylight saving automatically.

Things to know

Big moves on US data and Fed days.
Some firms restrict metals: Apex halted metals from 14 March 2026. Check your firm's product list.

Contract limits at futures prop firms

Maximum contracts on a $50K evaluation. From third-party reviews checked 17 October 2026; firms change these often, so confirm on your firm's rules page.

Topstep	Trading Combine $50K	5 minis / 50 micros
Apex Trader Funding	Evaluation $50K (rules from 1 Mar 2026)	6
Take Profit Trader	Test $50K	6
MyFundedFutures	Rapid EOD $50K	Varies by plan
Lucid Trading	LucidFlex $50K	Varies
Tradeify	Growth $50K	4 minis / 40 micros

How the drawdown, consistency rules and fees compare: Futures prop firms guide.

Education, not trading advice. Check contract details on your platform and your firm's rules before you trade.