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A future is simply a deal to trade gold at terms (i.e. Amounts and prices) decided now, but with a settlement day in the future.The last, change, open, high, low and previous close for each Gold Futures Future contract. Trade Example of Gold Futures. Contracts: Are VIOP Gold Contracts Risky. In simplest terms, a gold futures contract is a legally binding agreement between an investor and a seller. View the futures and commodity market news, futures pricing and futures trading.