where is the primary gold market

do you mean during the day in the USA
or round the clock 24 / 7 ?

by the way

-thebulliondesk- also has realtime prices
for the cash market in precious metals
 
gold mkt is based on London delivery. London is the true terminal market for inter-bank trading. you'll hear the expression, Loco London, which means Location London versus loco NY, or loco Guam. warrants versus Ldn etc

All physical swaps are based on a spread versus London.

For the truly esoteric, who knows what a US Assay bar is?
 
24/7
I know that London price fixing is important but I thought prices may move and settle more in NYC based on oil and interest rate factors. So which is it? Who really sets the price?
Quote from SethArb:

do you mean during the day in the USA
or round the clock 24 / 7 ?

by the way

-thebulliondesk- also has realtime prices
for the cash market in precious metals
More...
 
London fixing is used as an international standard, however there is also an arb of ny v PM fixing.

gold price fluctuates all day every day.
 
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