SPOT GOLD INFO

"Gold futures" is another financial instrument used for buying or selling gold. Futures are financial contracts where the buyer or seller has the obligation to purchase (or sell, if you're the seller) an underlying physical commodity or financial product. Although the underlying commodity (gold) is the same, spot gold and gold futures are traded very differently. The governing rules, trading hours, trading symbols, types of contracts, and contract sizes for gold futures are different from spot gold. Spot gold is bought and sold at over-the-counter (OTC) dealers such as found in the FOREX market. On the contrary, gold futures are traded in commodity exchanges around the world where gold, silver, and other precious metals are traded... "Spot gold" refers to the price of the precious metal gold in a specific type of financial transaction called a "spot transaction". With a spot transaction, the buyer and seller agree to buy or sell a commodity, currency, or security for settlement on the..