The US gold price will be wherever the gold futures market manipulators want it to be until rampant speculation is flushed out of that market and it returns to what it was originally designed to be. A place where gold producers (and other producers of commodities) could go to hedge their future production with counterparties who enter the opposite side of contracts based on informed and calculated risks as to where they expect the future spot price to be based on future supply and demand constraints in a properly functioning physical spot market.
Eshmun
The US gold price will be wherever the gold futures market...
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$13.89 |
Change
-0.400(2.80%) |
Mkt cap ! $16.04B | |||
| Open | High | Low | Value | Volume |
| $13.81 | $14.08 | $13.77 | $26.10M | 1.879M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 5803 | $13.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.89 | 586 | 9 |
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| NST (ASX) Chart |