The spot price is used all over the world for buying and selling gold, silver and other precious metals. The most commonly used version of the spot price, is the London PM Fix. For example, NowGold.com sets our buy price daily, based on the London PM Fix.
The United Kingdom is celebrating a national holiday in observance of the Royal Wedding of Prince William and Kate Middleton. Congratulations to the Duke and Duchess.
We are expecting gold prices to gap down when the markets return from the bank holiday.