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As of 21 November 2022, the platinum spot price in New York was $980 per ounce, compared to $1,742 per ounce for gold and $20.84 per ounce for silver. Platinum is traded in the spot market with the code "XPT". When settled in United States dollars, the code is "XPTUSD".
Spot contract. In finance, a spot contract, spot transaction, or simply spot, is a contract of buying or selling a commodity, security or currency for immediate settlement (payment and delivery) on the spot date, which is normally two business days after the trade date. The settlement price (or rate) is called spot price (or spot rate ).
Size of a 100 gram gold bar - packaged inside an assay for proof of authenticity - compared to a playing card. Of all the precious metals, gold is the most popular as an investment. Investors generally buy gold as a way of diversifying risk, especially through the use of futures contracts and derivatives.
The set's release on December 13, 2007, at a price of $1,949.95 (around $475 above platinum spot) with a seven-day one-set-per-household limit was met with strong collector interest. First week sales reached 14,682 units, almost half of the maximum ordered mintage of 30,000 units.
The price of spot gold reached $2,364 per ounce Tuesday after hitting record highs for seven straight sessions and trading at $2,336 per ounce Monday. Year on year, gold is up 16.5%.
The fund invests in physical gold, and its performance is highly correlated to gold spot prices. 2024 YTD performance: 6.2 percent. Five-year annual return: 10.4 percent. Expense ratio: 0.40 percent.
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