Email of the day on the difference between spot and futures prices
Comment of the Day

August 05 2022

Commentary by Eoin Treacy

Email of the day on the difference between spot and futures prices

I hope you are well. Please add the “NYMEX GOLD CHART “TO THE London Gold chart. The price difference sometimes is significant like yesterday. The Nymex close was approx.. US$ 20 higher.

Eoin Treacy's view

Thank you for this question which may be of interest to subscribers. The London Gold fixing reflects spot prices whereas the futures prices are traded on NYMEX. The current on the run futures point at December so it is not unreasonable to expect a difference in pricing.

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