M. fixes set a price for settling contracts between members of the London bullion market.
The London Bullion Market Association sets the gold fix twice a day and the silver fix once a day.
FORBES: FOCUS: News Of Possible Probe Of London Fixings Raises Eyebrows In Gold Market
Whenever some previously off-the-market bullion gets sold in size, it makes a big splash but the bounce back is also big.
FORBES: Why Stock Prices Should Keep Rising Despite Slowing Wage Growth
He suggested such a product might be most beneficial for large or institutional investors who might be worried about whether they would be able to gain access to physical bullion on the open market in a time of a crisis and thus high demand.
FORBES: FOCUS: Proposed Van Eck Gold, Silver ETFs Would Allow Redemptions Of Metal
Market participants include bullion dealers, investment banks, futures traders, money managers and technical chart analysts.
Market participants include bullion dealers, fund managers, investment banks, futures traders and technical-chart analysts.
FORBES: Survey Participants Tilted Bullish On Gold Prices Next Week
Market participants include bullion dealers, investment banks, futures traders, money managers and technical-chart analysts.
Market participants include bullion dealers, investment banks, futures traders and technical chart analysts.
Market participants include bullion dealers, investment banks, futures traders and technical-chart analysts.
FORBES: Survey Participants Bullish On Gold Prices For Next Week
The inter-war period (1918-1939) entailed a gold-bullion standard far less tied to market realities.
FORBES: Gold, Reagan and the Reds: From Degraded Dollar to Downgraded Debt
Miners continue to underperform bullion, though, with the Market Vectors Gold Miners ETF flat in the last three months compared with a 5% gain for the GLD gold ETF.
FORBES: Gold's Schizophrenia: Pulled Apart By Commodity And Safe Haven Status
For six months he spent every Saturday evening with Suresh Hundia, president of the Bombay Bullion Association, to understand the gold market.
Another approach is to borrow bullion to sell today in the spot market and repay the gold, with interest, from the mines' future production.
"There now seems to be an oversupply in the gold market, " said an Ahmedabad-based bullion dealer, who didn't want to be identified.
Central banks from China to Canada are holding far less of their foreign reserves in gold bullion these days, which means they have less to sell into the market and thereby depress prices.
The rumor is that some large bullion banks used the Bernanke non-QE mention as a cover to try to create a gold and silver bear market.
应用推荐