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What Is the 'Spot Price' of Gold and Silver?

26 February 2012 Posted by Jesse at Jesse's Café Américain OK folks, this is a lot of information but if you areinterested it's worth it. This is a partial reprise of a post from two years ago. The question has again arisen about the discrepancy between the spot price of gold and silver, and the prices shown on the front month of the futures market.

When you ask even an experienced trader, or even an economist who may have received a Nobel prize, 'What is the spot price, where does it come from, who sets it?' you will often hear that this is the last physical trade, or the current market price of physical bullion for delivery.

Here is a fairly typical explanation one might get from an 'industry expert.'

"That is why the New York Spot Price is different


Added: Feb-28-2012 Occurred On: Feb-28-2012
By: marc1921
Tags: Gold, silver, spot, prices
Location: United States (load item map)
Views: 3554 | Comments: 6 | Votes: 2 | Favorites: 2 | Shared: 0 | Updates: 0 | Times used in channels: 1
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