GOLD 0.51% $1,391.7 gold futures

Incorrect. Most Futures contracts are closed prior to the...

  1. 4,679 Posts.
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    Incorrect. Most Futures contracts are closed prior to the settlement date by making an opposite transaction - no actual delivery of the underlying asset.

    Besides, your agricultural example is interesting given that it is more prevalent for agricultural derivatives to be Forward contracts.
 
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