Aug 5, 2015, 4:24 AM EST
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Daily Closing Gold Prices in New York
|Gold Close||Price / Ounce||Dollar Change||Percent Change|
Gold’s closing price is established at 5:15 PM EST at the end or Globex trading, before a 45 minute suspension in trading. This may be referred to as the New York close. We report the mid-point between Bid and Ask prices when reporting gold prices. Closing gold price updates occur shortly after gold resumes trading at 6:00 PM EST. Closing prices are rounded to the nearest penny. Dollar and percentage gains in the Spot Gold Price box are based on the last published closing price in the closing price table.
Why Gold Spot Prices Differ Across Sites
There is no real standard for reporting gold spot prices and this can cause confusion for those new to precious metal pricing. Gold pricing on most sites is obtained from various feed providers, who compile gold price quotes from a number of different contributors to the feed. These contributors are typically big bullion banks reporting current bid and ask prices, much like a market maker in the equity markets. Since contributors to a feed may each report different gold price quotes or trades, the feed services apply proprietary algorithms to produce a streaming, single price quote.
Closing gold prices across sites may use a different closing period. Forex trading breaks for one hour at 5:00 PM EST, while Globex trading breaks for 45 minutes at 5:15 PM EST. Some traditional news sources still choose to report a closing gold price based on the end of Comex Pit Trading, while others have consistently used the London Fix.
Finally, gold price charts can reflect a bid price (like Kitco Gold Price Charts), or ask price (favored by retail gold dealers). This is the case for both live gold prices and historical closing gold prices, and is one of the factors in gold price differences.
Luckily, the differences are not significant for the average retail gold buyer, who is primarily interested in price direction and trend.
Current Gold Prices on PMBull
The current price of gold on PMBull is derived from spot gold trading in New York, Europe and Asia. Gold price are presented in intervals ranging from ticks to monthly candles. Gold traders may use these streaming charts to watch action overseas and overnight, before entering a trade. Physical gold buyers will find these charts helpful for keeping track of the price of gold per troy ounce, which is used to price individual gold bars and coins offered by retail gold dealers.
The non-flash gold chart in the sub-menu provides a different candlestick chart that does not require Flash, making it more ideal for tablet and smart phone use. The red banner that appears across the menu goes away when you click it, but you will have to close the window that it opens. It only happens once per session. You may also set your local time zone through the controls in the chart menu. Several technical indicators and chart tools are also available through the menu.
Today’s Gold News and Opinion
These news feeds, opinion pieces and hand-picked articles present the bullish case for gold from important voices in the blogosphere. You will find gold price predictions, technical and fundamental analysis and other items of interest to the gold investor not often discussed in mainstream financial media outlets.
Spot Gold Charts and Trading News on PMBull
Gold prices and charts on PMBull are made available from 3rd parties. While we believe that our charts do reflect a reasonable assessment of current, real-time gold prices, PMBull cannot and does not guarantee the accuracy, nor the actual timeliness of any data displayed on this site.
PMBull will not be responsible for the price of gold provided, nor the price of any other security. Nothing on PMBull should be construed as a live quote, nor an offer to buy or sell any gold security or derivative in any market. You should always consult with a broker or financial professional before trading. With this in mind, we do hope you enjoy our site.