Maybe because spot gold trades 24/7 .....futures have fixed trading times....so spot price would be changing constantly..
The value of spot gold changes on a daily basis, according to the market. Typically, spot gold rates are cheaper than gold futures rates since there is no extrapolation involved when one purchases spot gold. What they see is what they get, with no market predictions.
just a thought..futures being higher is a positive...thats all ive got jim...
hedging, page-26
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Last
$1.91 |
Change
0.010(0.53%) |
Mkt cap ! $2.183B | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.91 | $1.87 | $7.285M | 3.852M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 166121 | $1.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.92 | 18104 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |