Hi Madmin,
You want a price for Gold? Take your pick.
There are multiple futures prices for Gold - depending on the date for delivery.
Price for futures generally rise month on month according to the distance from the current spot price.
The difference in the prices of the spot and various futures is a function of finance charges, plus any earnings due to the hold of the security, according to the cost of carry, plus any expectation of changes in supply/demand in the future. Complex huh?
Personally, in my charts, I always use the GLD figure - the ETF for spot gold. This ETF actually buys and sells physical gold as the basis of its ETF. It's not a "synthetic".
Redbacka
- Forums
- ASX - By Stock
- XJO
- rotflmao - thursday
rotflmao - thursday, page-34
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
MTL
Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
7,943.2 |
Change
-171.500(2.11%) |
Mkt cap ! n/a |
Open | High | Low |
8,114.7 | 8,114.7 | 7,920.0 |
Featured News
XJO (ASX) Chart |