Does Gold Bullion price leads front mth. gold contract price?

Discussion in 'Trading' started by Happy Hopping, Jun 7, 2010.

  1. Or is it the other way around? Back in Dec. 4, 2009, Gold Bullion was at an intraday high of 1229 but back then, gold contract only trades as high as 1211.

    But today, gold contract closes at 1240.3 but it seems the Jun 7, London Gold Fix is 1215? Unless Kitco data is out dated
  2. Bump. No1 knows? Today I call my firm's good bullion price, they said the price is 1235, but at the same time, CNBC real time display shows the gold price is 1243.5. So is CNBC showing the gold future contract price then? It's quite a difference.