York Gold
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 Kate Spade New York Black Gold Coast Medium Serena Purse NWT 37500 $225.99 Time Remaining: 23h 50m |
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 KATE SPADE NEW YORK LITTLE KAELIN PRIMROSE HILL CROSSBODY GOLD HANDBAG BAG NWT $249.99 Time Remaining: 18d 14h 17m Buy It Now for only: $249.99 |
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 Preston and York Gold Satin Evening Handbag Purse Bag Prom Purse $9.99 Time Remaining: 1d 7h 45m Buy It Now for only: $9.99 |
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 NEW NWT MAXX NEW YORK SIGNATURE AQUA TURQUOISE HANDBAG PURSE GOLD DETAIL $9.99 (1 Bid) Time Remaining: 2d 18h 59m |
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 Maxxumimum New York canvis and gold handbag $12.00 Time Remaining: 2d 19h 24m |
 SABINA NEW YORK NAVY BLUE SOFT LEATHER GOLD ADJUST SHOULDER PURSE BAG NWT 185 $99.00 Time Remaining: 17d 14h 32m Buy It Now for only: $99.00 |
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 Eric Javits New York Large Black Squishee Gold Chain Shoulder Bag Purse Tote $10.50 (2 Bids) Time Remaining: 2d 23h 55m |
 2 Maxx New York Slouchy Handbag Lot Silver Gold 150 $70.00 Time Remaining: 28d 23h 38m Buy It Now for only: $70.00 |
 MAXX New York Black Fiber Woven Evening Bag w Gold Chain Accents $18.00 Time Remaining: 4d 4h 7m Buy It Now for only: $18.00 |
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 Maxx New York Shopper Tote Gold NEW $49.00 Time Remaining: 18h 27m Buy It Now for only: $49.00 |
 MAXX NEW YORK OH SOO STYLISH WHITE PATENT HANDBAG W GREAT GOLD ACCENTS $23.99 Time Remaining: 3d 12h 19m |
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 GOLD MESH EVENING SHOULDER HANDBAG PURSE PRESTON YORK $19.99 Time Remaining: 27d 1h 52m Buy It Now for only: $19.99 |
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 MAXX New York Gold Satchel Tote Handbag BPC840 $89.99 Time Remaining: 3d 20h 47m Buy It Now for only: $89.99 |
 NWT Kate Spade New York Gold Coast Meadow Shoulder Bag in Black $329.99 Time Remaining: 21d 22h 48m Buy It Now for only: $329.99 |
 Maxx New York White Gold Hobo Handbag $9.99 Time Remaining: 3d 13h 54m |
 Cynthia Rowley New York Leather Purse Handbag Shoulderbag White Metallic Gold $126.34 Time Remaining: 27d 22h 16m Buy It Now for only: $126.34 |
 JONES NEW YORK Brown Faux Leather HANDBAG Gold Accents $14.99 Time Remaining: 25d 3h 6m Buy It Now for only: $14.99 |
 Kate Spade New York Quilted CHARLIZE Gold Coast Chocolate Handbag $179.99 Time Remaining: 22d 17h 36m Buy It Now for only: $179.99 |
 Black leather Maxx New York NWT purse brushed gold zippers and hardware $25.99 Time Remaining: 3d 18h Buy It Now for only: $29.99 |
 CYNTHIA ROWLEY NEW YORK RARE SOFT CALF LEATHER Gold TOTE HANDBAG PURSE NWT 395 $199.99 Time Remaining: 8d 16h 30m Buy It Now for only: $199.99 |
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 MAXX NEW YORK HANDBAG BLACK RED GOLD MULTI COLOR $38.99 Time Remaining: 4d 1h 36m |
 New York Co Gold OR Silver Evening Bag NEW w Tags $19.99 Time Remaining: 29d 1h 36m Buy It Now for only: $19.99 |
 NWT MAXX NEW YORK ORANGE GOLD HANDBAG $130.00 Time Remaining: 16d 17h 44m Buy It Now for only: $130.00 |
 LAUREN TANGO New York Silver and Gold Beaded Sequins Evening Purse Bag Handbag $9.99 Time Remaining: 4d 11h 37m |
 COACH Ladies NAVY GOLD POUCH WRISTLET New York Heart BAG w Tag $59.99 Time Remaining: 8d 13h 10m Buy It Now for only: $59.99 |
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 KATE SPADE NEW YORK gold leather Serena hobo shoulder bag pre owned $49.99 Time Remaining: 4d 14h 1m |
 Liz Claiborne New York Black Purse with Gold zippers Pockets Stylish Stunning $25.00 Time Remaining: 3d 12h 26m Buy It Now for only: $25.00 |
 LIZ CLAIBORNE NEW YORK WHITE GOLD SHOULDER PURSE BAG $27.57 Time Remaining: 25d 20h 29m Buy It Now for only: $27.57 |
 MAXX New York Small Gold Quilted Leather Cross Body with Chain Strap SO CHIC $15.99 Time Remaining: 4d 22h 7m |
 NEW SIGNATURE COACH NEW YORK Limited Ed Navy Gold Handbag Tote 29800 $151.70 Time Remaining: 6d 13h 4m Buy It Now for only: $151.70 |
 Black Gold Zipper Handbag Purse Betmar New York $23.00 Time Remaining: 5d 55m Buy It Now for only: $23.00 |
 New Galian New York Large Metallic Shoulder Bag 4 Color Choices $34.90 Time Remaining: 26d 13h 1m Buy It Now for only: $34.90 |
 MAXX NEW YORK Studded Stud Purse Black Glazed Leather Chunky Gold Chain Strap $33.99 Time Remaining: 4d 22h 47m |
 VINTAGE KAMAREL NEW YORK GOLD WOVEN LEATHER HANDBAG $20.00 Time Remaining: 10h 9m Buy It Now for only: $20.00 |
 BAIKAL NEW YORK VINTAGE METALLIC GOLD RHINESTONE CLUTCH SHOULDER HANDBAG PURSE $47.99 Time Remaining: 14d 56m Buy It Now for only: $47.99 |
 MAXX NEW YORK WHITE LEATHER GOLD STUDDED HARDWEAR MEDIUM HANDBAG $0.99 Time Remaining: 5d 1h 13m |
 NEW Maxx New York Yellow Gold Tote Handbag Purse $49.99 Time Remaining: 27d 14h 50m Buy It Now for only: $49.99 |
 NWT Maxx New York gold Metallic large Shoulder Bag handbag $89.00 Time Remaining: 14d 17h 22m Buy It Now for only: $89.00 |
 KATE SPADE NEW YORK GOLD COAST GINNIE CORK CROSSBODY BAG NWT PWRU2819 $159.99 Time Remaining: 5d 14h 53m Buy It Now for only: $175.99 |
 Mondani New York Gorgeous Gold Satchel 3 Compartment Purse w Adj Handles New $47.49 Time Remaining: 25d 18h 46m Buy It Now for only: $47.49 |
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 Kate Spade New York Gold Coast Maryanne Quilted Leather Shopper Bag $199.97 Time Remaining: 5d 19h 1m |
 75 Zac Posen New York Coin Purse Bag Black Gold Apple Zipper Gift NWT $39.99 Time Remaining: 8d 14h 24m Buy It Now for only: $39.99 |
 kate spade new york gold coast elysequilted shopper $305.00 Time Remaining: 21d 16h 19m Buy It Now for only: $305.00 |
 MAXX NEW YORK COATED CANVAS LARGE STUDDED GOLD HOBO NEW FREE SHIPPING 148 $69.99 Time Remaining: 12d 21h 27m Buy It Now for only: $69.99 |
 Kate Spade New York Gold Zipper Bifold Wallet $39.99 Time Remaining: 5d 20h 57m |
 New York Company Small Gold Evening Bag Purse w Bling $15.60 Time Remaining: 27d 23h 7m Buy It Now for only: $15.60 |
 NWT Kate Spade New York Shuffled Spade Shopper 195 Gold $149.95 Time Remaining: 3d 13m Buy It Now for only: $149.95 |
 Mayer New York Arm Purse Handbag Pocketbook Vintage Black Leather Gold Clasp $9.99 Time Remaining: 6d 20h 18m |
 NWT Sasha New York Gold Cream design Handbag Purse CUTE $37.99 Time Remaining: 14d 14h Buy It Now for only: $37.99 |
 Kate Spade New York Gold Coast Charlize Shoulder Bag Purse + dust cover NWT 395 $265.00 Time Remaining: 16d 16h 49m Buy It Now for only: $265.00 |
 Kate Spade New York Gold Coast Large Maryanne Quilted Leather Satchel $99.00 Time Remaining: 6d 23h 51m Buy It Now for only: $349.00 |
 Mondani New York Women Black Gold Hardware Large Shoulder Bag Satchel Tote Purse $21.24 Time Remaining: 17d 5h 43m Buy It Now for only: $21.24 |
 Maxx New York handbag tan purse compartments gold hardware large roomy pebbled $69.99 Time Remaining: 29d 15h 18m Buy It Now for only: $69.99 |
 Martin Van Schaak New York Vintage Metallic Gold Zigzag Evening Shoulder Bag $99.99 Time Remaining: 9d 30m |
 Maxx New York handbag green purse compartments gold hardware large roomy pebbled $69.99 Time Remaining: 29d 15h 18m Buy It Now for only: $69.99 |
 Rafe New York Gold metallic patent bag tote 565 leather Tassel Satchel $179.99 Time Remaining: 22h 10m Buy It Now for only: $179.99 |
York Gold
How Much is Gold Worth - Who Sets the Price of Gold
How Much Is Gold Worth
For private investors, the spot price of gold effectively determines how much gold is worth. The spot price is the price at which gold is traded at a particular point in time and location for immediate delivery.
The immediate price of gold is derived from the price of the futures contract in the ‘most active month' which tends to be the closest futures month. Futures contract months are February, April, June, August, October and December.
The most important bullion exchanges in which the spot price is determined are the LBMA in London and the COMEX in New York between which on any given day, most of the gold spot price action will occur during their trading hours.
Other bullion exchanges exist in major cities such as Tokyo, Hong Kong, Sydney, Singapore, Shanghai, Dubai and Zurich. Given this global reach, a gold spot price is continually being established even when the COMEX and LBMA are closed, allowing gold to be traded 23 and half hours every day excluding weekends.
LBMA
The LBMA which stands for ‘London Bullion Market Association' operates between the hours of 07.30 GMT and 15.00 GMT. It used to be the foremost bullion exchange in the industry but during the crisis of 1968 in the run up to the end of the ‘gold standard', its importance waned. Nevertheless, it is still a leading exchange whose ‘Good Delivery' list is widely accepted as the de facto standard for the quality of gold and silver bars.
In a somewhat archaic and typically British ceremony, the core members of the LBMA still meet twice a day to ‘fix' the price of gold whereby the official price of gold to be used by producers, consumers and central banks is determined.
COMEX
The Commodities Exchange (COMEX) of New York is open between 08.30 NY Time and 13.30 NY Time. In 1994 it was absorbed into the New York Mercantile Exchange (NYMEX) and the process of determining the gold spot price is now based upon the NYMEX ‘Rule Book'.
The combined trading hours of these two exchanges results in the gold spot price today generally seeing the most price action between the hours of 07.30GMT/ 03.30 New York Time and 17.30GMT/ 13.30 New York Time.
About the Author
Auric believes the era of the US dollar is over. A massive wealth transformation is rapidly approaching in which gold and silver will once again reign supreme.
Learn more at How Much Is Gold Worth
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