What Does Gold Spot Price Mean? How Does Spot Pricing Work?

You may be curious about how the gold market fluctuates or how its price is determined. Or how a spot price works with the futures market. So, what do spot prices mean for gold, and how does it work?
Buying gold is a prudent option for investing. It can be volatile in the short term, but it has always maintained its value over the long term. There are several ways to invest in gold, such as bullion, coins, jewelry, stocks, gold exchange-traded funds (ETFs), and mutual funds. There are pros and cons to investing in physical gold, but today we will focus on gold spot prices and the optimal time to buy gold….