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Initially estimating that gold could reach $15,000 per ounce, Rickards is raising his forecast — substantially. “My latest forecast is that gold may actually exceed $27,000,” Rickards wrote ...
Gold futures touched fresh records, rising as much as 0.8% to hover near highs of $2,750 per ounce. Silver futures gained more than 3% before paring gains, briefly topping $34 per ounce, the ...
Gold’s roughly 8% month-to-date rally has room to grow with the precious metal poised to hit $2,300 an ounce by year-end, according to Goldman Sachs analysts. On Monday futures gained to trade ...
In a state of backwardation, futures contract prices include compensation for the risk transferred from the underlying asset holder to the purchaser of the futures contract. This means the expected spot price on expiry is higher than the price of the futures contract. Backwardation very seldom arises in money commodities like gold or silver.
Twice daily, at 10:30 AM and 3:00 PM (local time). the LBMA publishes the gold price in US dollars. [1] These forward contracts are known as gold futures contracts. Spot gold is traded for settlement two business days following the trade date, with a business day defined as a day when both the New York and London markets are open for business.
In the U.S., gold futures are primarily traded on the New York Commodities Exchange and Euronext.liffe. In India, gold futures are traded on the National Commodity and Derivatives Exchange (NCDEX) and Multi Commodity Exchange (MCX). [47] As of 2009 holders of COMEX gold futures have experienced problems taking delivery of their metal.
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