COMEX Gold Futures Can Be Settled Directly With Eligible Inventory
By GCRU Gold News on Thursday, February 25 2016, 12:12 - Permalink
The 100-ounce Gold futures contract listed on the COMEX in New York can be traded in OTC market through which the contract can be settled with anything that resembles the underlying asset, for example gold recorded as eligible inventory in COMEX approved depositories.