Gold Price Discrepancy
Anyone noticing the approximately $30 difference in the gold price between London and Shanghai? Check it out on Kitco and let me know what you think. Could this discrepancy be arbitraged by a sophisticated player?
Anyone noticing the approximately $30 difference in the gold price between London and Shanghai? Check it out on Kitco and let me know what you think. Could this discrepancy be arbitraged by a sophisticated player?
London Fixes AM PM 1168.75 1161.85
Shanghai Fixes AM PM 1,188.46 1,199.35
Thanks to Kitco. Notice you get a free comma thrown in at Shanghai but I don’t think that is worth $30.