-
When you buy physical gold, the price you pay will start with the “spot price.”
As defined by Investopedia, the “spot price” is “the current price in the marketplace at which a given asset—such as a security, commodity, or currency—can be bought or sold for immediate delivery.”
So, how is the spot price for gold determined?
In simplest terms, the market determines the spot price based on supply and demand, along with many other factors.
The spot price is not set by any single individual or institution. It’s determined through market activity and the interaction...
del.icio.us