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Some Known Questions About Gold Coins - Buy US Mint Gold Coins - Gold Coins for Sale.


This is the change in the price of the metal from the previous close, which is not always the previous day. Weekdays from 6:00 PM NY time until midnight the previous close is from the present day. Here's why: The time the gold market stops trading in New york city on weekdays is for a 60 minutes period, from 5:00 PM New york city time up until 6:00 PM. We use the last quote at 5:00 PM as the close of that offered day. Change is constantly the difference in between the current price and the cost at 5:00 pm. For example: Gold last traded at $1,200 at 5:00 PM on January 17.



00. If it is January 18 at 5:00 PM and gold is estimated at $1,225 then we would reveal a change of +25. 00 at that time. This is the modification in the rate of the metal from the cost at the end of the previous trading session. Presently, the weekday closing time is 2:00 PM Eastern Time. This is the change in the rate of the metal from one month earlier as opposed from the previous close. This is the modification in the rate of the metal from a year ago today, as opposed from the previous close. Every valuable metals market has a corresponding benchmark price that is set on an everyday basis.


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These criteria are calculated partly from trading activity in the area market. Also Found Here is figured out from trading activity on Over-The-Counter (OTC) decentralized markets. An OTC is not an official exchange and costs are negotiated straight between individuals with most of the deal occurring digitally. Although these aren't regulated, banks play an essential role, acting as market makers, offering a quote and ask price in the spot market. Gold, really trades 23 hours a day Sunday through Friday. A lot of OTC markets overlap each other; there is a one-hour duration in between 5 p. m. and 6 p. m.

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