Q: I am wondering what the most relevant gold price is. I see the December gold futures contract displayed on BNN as of yesterday, and which just touched 2k, but that contract seems a little far out (time wise). Shouldn't they be showing the September or October contract prices when the August contract 'rolls over'? Is the spot price the most relevant price, or the front month contract? When exactly is a futures contract considered 'rolled over'? What is a reliable source for the gold spot price?
Please deduct as many credits as necessary and help me clear up my confusion. Thank you.
Please deduct as many credits as necessary and help me clear up my confusion. Thank you.