Gc futures tick value as of today’s session

As of today’s session, the GC futures tick value remains $10 per 0.1 move in gold prices, with February 2024 contracts trading around $2,065/oz. Traders are watching Fed rate hike probabilities as yields pull back slightly, which typically supports gold. Short-term momentum indicators signal consolidation before another possible upside push. Gold ( GC=F ) futures opened at $3,323 per ounce Monday, up 1% from Friday's close of $3,288.90. In early trading, the price of gold today remains below the highs of over $3,400 achieved in early-May and the second half of April. To answer this request, the CME Group will launch a 1-ounce gold futures contract on January 13, 2025, aimed at the retail client. GC futures tick value remains $10, a standard for COMEX gold contracts. Current front-month prices are being pushed higher by a softer USD and commodity index rebalancing flows. Traders eye $2,080 as immediate resistance, with $2,050 providing firm support.