Glossary

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G7
The seven leading industrial countries, being the United States, Germany, Japan, France, UK, Canada, and Italy.

Gamma
A measure of the rate of change in an option's delta for a one-unit change in the price of the underlying stock. See also Delta

Going Long
The purchase of a stock, commodity, or currency for investment or speculation.

Going Short
The selling of a currency or instrument not owned by the seller.

Gold Certificate
A certificate of ownership that gold investors use to purchase and sell the commodity instead of dealing with transfer and storage of the physical gold itself.

Gold Contract
The standard unit of trading gold is one contract which is equal to 10 troy ounces.

Good-'til-cancelled (GTC) order
A type of limit order that remains in effect until it is either executed (filled) or cancelled, as opposed to a day order, which expires if not executed by the end of the trading day. A GTC option order is an order which if not executed will be automatically cancelled at the option's expiration.

Gross Domestic Product
Total value of a country's output, income or expenditure produced within the country's physical borders.

Gross National Product
Gross domestic product plus income earned from investment or work abroad.