E-mini Gold (QO) Futures Contract Specifications

Metals

E-mini Gold Futures (QO) are 1/2 the size of the standard Gold contract, providing a middle ground between full-size and micro contracts. They offer exposure to gold prices with moderate capital requirements.

Contract Specifications

Detailed specifications for trading this futures contract

Contract Size

50 troy ounces

Tick Size

0.10 per troy ounce ($0.10)

Tick Value

$5.00 per tick

Point Value

$50.00 per point ($1 per troy ounce)

Trading Hours

Sunday to Friday, 5:00 PM to 4:00 PM CT (with a 1-hour daily trading halt from 4:00 PM to 5:00 PM CT)

Platform Symbol

Margins

Check with your broker for the latest margin rates and details

Why Trade E-mini Gold (QO) Futures?

Key benefits and characteristics of this futures contract

1/2 the size of standard Gold contract

Moderate margin requirements

Safe haven asset during market uncertainty

High liquidity and tight spreads

Extended trading hours

Portfolio diversification benefits

Position Sizing for E-mini Gold (QO) Futures

Example calculation for proper position sizing based on risk tolerance

For E-mini Gold (QO):

Tick Size: 0.10 per troy ounce ($0.10)

Tick Value: $5.00 per tick

Point Value: $50.00 per point ($1 per troy ounce)

If you want to risk $500 with a 5-point stop loss:

Risk per Contract = Stop Loss in Points × Point Value = 5 × 50.00 ($1 per troy ounce) = $ 250

Maximum Contracts = Risk Amount ÷ Risk per Contract = $ 500 ÷ $ 250 = 2 contract s