GCQ6 - Gold Futures (August 2026)
Gold Futures August 2026 contract: COMEX Gold futures (GC): the primary US gold pricing benchmark, deliverable against 100-troy-ounce gold bars.
As of Jul 16, 2026: spot at $3982.70, ATM IV 27.7%, max pain $4265.00, net GEX -$1.03B.
- Sector
- Metals Futures
- Industry
- Metals Futures
- Exchange
- COMEX
GCQ6 Contract Specifications
- Contract Month
- August 2026
- Month Code
- Q (August)
- Root
- GC
- Underlying
- Gold Futures
- Exchange
- COMEX
- Contract Size
- 100 troy ounces of gold
- Point Value
- $100 per dollar
- Tick Size
- $0.10 per troy ounce
- Tick Value
- $10.00 per tick
GCQ6 Settlement and Trading Hours
Settlement: Physically delivered to a COMEX-licensed vault; trading terminates on the third-last business day of the delivery month.
Trading hours: Globex Sunday-Friday 6:00 PM - 5:00 PM ET.
How GCQ6 Fits in the Futures Curve
GCQ6 is the August 2026 listing of the Gold Futures contract. Each listed expiration carries its own implied-volatility surface, term structure position, and basis to the underlying instrument. The front-month contract typically dominates volume and is the reference for options-on-futures pricing; back-month contracts price the term structure of the underlying's volatility and (for physically-delivered commodities) the carry between spot and forward.
What GCQ6 Looks Like to Options Traders Today
negative net gamma exposure (-$1.03B) means dealers hedge with trend, amplifying realized volatility and accelerating directional moves; the 25-delta skew (0.039) prices calls richer than puts, often reflecting upside speculation or squeeze risk.
What This Page Covers
The GCQ6 overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks.
Frequently asked GCQ6 overview questions
- What is GCQ6?
- GCQ6 is the ticker symbol for Gold Futures (August 2026), a listed futures contract. Gold Futures August 2026 contract: COMEX Gold futures (GC): the primary US gold pricing benchmark, deliverable against 100-troy-ounce gold bars. Listed on COMEX. GCQ6 is the listed futures symbol shown on this page; futures traders use the contract for directional exposure, hedging the underlying instrument, and as the delivery instrument for options-on-futures structures.
- What does the GCQ6 options snapshot look like today?
- As of Jul 16, 2026, the GCQ6 options snapshot shows spot at $3982.70, ATM IV 27.7%, max pain $4265.00, net GEX -$1.03B, expected move 7.95%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are GCQ6's key statistics?
- Gold Futures (August 2026) (GCQ6) carries a August 2026 expiry on the COMEX-listed Gold Futures contract, with a $100 per dollar point value. Full contract specifications including settlement convention, tick size, and curve term-structure context are on the contract reference block above. Options-on-futures pricing references these spec fields directly via the multiplier and exchange contract rules.
- What underlies the GCQ6 futures contract?
- GCQ6 is the August 2026 listing on the Gold Futures contract, traded on the COMEX. Each listed expiration carries its own implied-volatility surface, term-structure position relative to other listed months, and (for physically-delivered contracts) basis to the spot underlying. Front-month contracts dominate volume and serve as the reference for options-on-futures pricing; back-month contracts price the term structure of the underlying's volatility.
- How current is the GCQ6 data on this page?
- The options snapshot above is dated Jul 16, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Contract specifications come from the listing exchange (COMEX) and do not change over the life of the contract once listed. Options-on-futures data, when available, refreshes after each trading session. There is no equity-style FINRA reporting or sell-side analyst coverage for futures contracts.