Spot gold is the standard for the value of an ounce of gold for trading purposes. Among gold traders it is the most important information that they can have their hand on. Even though purchases from, large gold traders will often range from five percent above to five percent below the spot gold standard, most traders still use the current spot gold price as the point of reference for the value of gold.
Spot gold trading is like trading other commodities on the market. You are basically placing a wager on what direction is the gold market going to take and placing a trade based on what you believe the price will be in the future, most often four to six months in the future. Here are some of the things that you need to know about spot gold trading if you plan on investing in gold.