#GOLD_UPDATE

The spot price of gold is determined using a gold futures contract.

Exchange traded futures contracts, such as those that trade on the COMEX Exchange, are used to provide spot gold prices.

The spot, or live gold price, may be represented using a front month, or near-term contract month.

Conversely, they may also be derived from a deferred month contract.

The month used for depicting the live gold price is typically the nearest month with the most substantial trading volume.