gold price trend

2011年7月6日 星期三

What Does Spot Gold Price Mean?

These futures contracts are standardized mass contract terms, delivery period between the seller and the buyer. The seller is the buyer who is meant to provide the goods and who received fixed in a future commodity prices. Futures-driven single point of commercial trade in all major commodity countries. The product may include the energy sector as crude oil, natural gas. It may also include cereals such as wheat, corn, soybeans and metals such as iron, copper, lead and zinc. While the future of gold exchange-traded precious metals such as silver and platinum plus.

Depending on the market of futures contracts can be month of the year. This means that the contract is delivered through six a year. Basic building the future of the market behind the commercial producers and consumers to establish some guaranteed prices, and to ensure the supply of goods is the subject matter of the contract.

Gold spot price volatility depends on the demand and supply. Futures contracts are used to hedge exposure to changes in gold prices. Hedgers are those who want to minimize their risk of price changes. Other market participants are speculators who are willing to take risks is the risk-hedging which to avoid. To spot price risk using futures contracts can be minimized. At the same time by using the spot price of gold forward contracts can be fixed to minimize the risk of gold price fluctuations in the future.

Spot gold prices can be determined in the commodity trading market. All futures contracts traded on commodity exchanges. You can find the spot price of gold from the COMEX, like commodity exchanges in New York. In the New York Mercantile Exchange (Commodity Exchange) is a leading commodity exchanges in the U.S. metal. This process, in which the spot price of gold in the New York Mercantile Exchange's decision has been designated in the New York Mercantile Exchange's rule book.

The market is fully computerized, the information they provide real-time. Second by second the spot price of gold futures contract month active, because it is traded on the exchange is also very easy to obtain. In exchange, the most active month, also known as near the spot month. If you want to know more about the spot price of gold may also be calculated from the active month. The closing spot gold price of the heavens, from the spot month futures contract trading. New York spot gold prices close to the calculated average, maximum and minimum prices for the industry in the last two minutes of closing time is 1:28-1:30 PM.

People choose to buy gold from a dealer or exchange. But you can see different spot price of gold in exchange for a small amount of the actual price of gold today



Article Source: http://EzineArticles.com/?expert=Stephen_Patrick

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