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 Huge difference in spot gold prices
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Nickelless
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USA
5580 Posts

Posted - 10/02/2008 :  19:04:17  Show Profile Send Nickelless a Private Message
Just saw this in the spot metals for tomorrow's market. What's with the huge difference in prices?

Gold - $952.00 Handy & Harman (only daily quote).
Gold - $839.00 troy oz., NY Merc spot Thu.

I just looked in today's paper and it had H&H listed at $950.40 and NY Merc at $880.70, so I'm guessing this isn't a typo, but still, what's the deal?


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Edited by - Nickelless on 10/02/2008 19:17:42

Ardent Listener
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USA
4841 Posts

Posted - 10/02/2008 :  20:19:48  Show Profile Send Ardent Listener a Private Message
quote:
Originally posted by Nickelless

Just saw this in the spot metals for tomorrow's market. What's with the huge difference in prices?

Gold - $952.00 Handy & Harman (only daily quote).
Gold - $839.00 troy oz., NY Merc spot Thu.

I just looked in today's paper and it had H&H listed at $950.40 and NY Merc at $880.70, so I'm guessing this isn't a typo, but still, what's the deal?



Maybe the first price is the price we pay and the second price is the price the international bankers pay.

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