INFORMATION ABOUT SPOT PRICES
Precious metals are traded throughout the day in different markets. The most active trading occurs in New York, London, Zurich, Tokyo, Sydney and Hong Kong. The prices quoted in our chart reflect the "spot" price of precious metals. The spot price refers to the price paid for immediate delivery. (This is different from a "futures price" where delivery and payment is to be made on some future date). We update spot prices throughout the trading week commencing Monday morning at 6 a.m. PST and ending Friday afternoon at 5 p.m. PST(excluding holidays).
Changes (+/-) in the precious metals prices are based upon the most recent close in the "Open Outcry Trading" of the New York Spot Market which trades from 5:20 a.m. to 10:30 a.m. PST (8:20
a.m. to 1:30 p.m. EST) If you are looking at prices up to 10:30 a.m. PST, the price change will be measured against the prior day's close. If you are looking at prices after 10:30 a.m., the price change is measured against the New York spot price for that morning. For example, if the price of gold at 9:30 a.m. PST is $650, +$5, the $5 gain is measured against the prior day's close in the New York Spot Market. If the price of gold at 11:30 a.m. PST is $675, + $15, the $15 gain is measured against the closing spot price as of 10:30 a.m. that morning.
Prices are indications only. Spot prices may vary among different websites and sources. Call Goldline at 877-376-2646 for the most current spot prices.
- S&P Capital IQ - Gold: $1,900 (in 2012) "Leo Larkin, metals and mining analyst at S&P Capital IQ, thinks that $1,900 gold might not be that much of a stretch [in 2012]. 'Gold has been ..."
- Citigroup - Gold: $2,300 - $2,400 (by end of 2012) "While we remain cautious on Gold in the near term...we continue to believe that the bull market remains intact...we believe that 2012 may be..."
- Leeb Capital Management - Gold: $2,500 - $3,000 (in 2012) "I'll give you my target for gold at the end of 2012, it's going to be trading somewhere between $2,500 and $3,000. This..."
- Global Hunter Securities - Gold: $1,800 (in 2012) "'What I am looking for is a gold price of $1,800 an ounce in 2012,' says Jeffrey Wright, senior research analyst at Global Hunter..."
- US Global Investors - Gold: $3,600 (by 2017) "'People get so caught up with the next three minutes for gold and they should really be focused on the next three years,' says Frank Holmes, ..."
- Goldman Sachs - Gold: over $1,900 (in 2012) "Wall Street investment bank Goldman Sachs predicts that gold's bull run will continue into 2012 with a low interest rate environment and..."
- CNBC - Gold: $2,400 (no period given) "Gold will top $2,400 an ounce. The long-term bull market in gold marches on. Gold won't make a straight shot to a new inflation-adjusted high. As long..."
- Nomura - Gold: $2,000 (by end of 2012) "Nomura has raised its forecast for gold prices to $2,000 an ounce by the end of 2012, from $1,800 earlier. The brokerage said the low-interest rate..."
- Morgan Stanley - Gold: $2,200 (in first half of 2012) "Gold will lead a rally in commodities in 2012 as Europe's sovereign-debt crisis continues to roil financial markets, spurring demand for ..."
- UBS - Gold: $2,050 average in 2012 "[Gold] remains one of the top commodity picks for 2012 as 'most of the factors that pushed gold higher in 2011 are not going away,' according to UBS..."
- Bank of America Merrill Lynch - Gold: $2,150 - $2,200 (average in 2012) "From a technical perspective we believe that the bull trend for gold remains intact… with gold having not yet met any of..."
- TheStreet.com - Gold: $2,500 (by May 2013) "I want to own gold here. I think gold is going to $2,500 eighteen months from now... Gold has been up for ten straight years and this going to be the..."
