Gold Trading In Commodity Market
Before the introduction of money, the only way to exchange of goods was to barter or direct exchange of goods for goods. Barter, however, was a mode so simple, but subject to several problems, one of which was formed from the constraints of time.
Bullion: Gold futures on MCX were trading in a narrow range tailing a similar movement in COMEX futures. However, rupee's weakness against the dollar lent some support to local prices. On COMEX, the metal was stuck in a thin band today as investors wereawaiting further cues from the US Federal Open Market Committee two-day meeting starting Tuesday.
Energy: Depreciation in the rupee against the US dollar prevented crude oil futures on domestic bourses from declining but mixed cues from global contracts kept prices in a narrow range. Crude oil prices on the New York Mercantile Exchange were in a narrow range as the market is awaiting monetary stimulus-related triggers from the US and the Eurozone.
Metals: Base metal contracts on the MCX showed a mixed trend. While copper and aluminium were in the red, the other metals in the complex were trading marginally higher on lack of definitive cues. Copper was weak taking cues from the London Metal Exchange, where prices fell as the market remained wary ahead of a two-day US Federal Reserve meeting beginning Tuesday.
The solution to trade on credit, which is widely practiced among different tribes, assumed strong relationships, usually not easy to establish or maintain. The exchange easier for the immediate delivery of temporal contiguity. But this was obviously necessary that the goods were available both at the same time and in the same space, and it was not just a precondition. For example, a barter of oranges against wheat, places the different times of seasonal maturation and thus to find, it was impossible, or at least inadvisable.Over time, by direct barter is then passed to barter mediated through the use of a third commodity, guarentigio character, which could act as a "value-bridge". This allowed not only to expand the possibilities of trade than the contemporary retrieval, but also to exchange or indirect, in which more than two people exchanged goods without any time who supplied goods in return got a good of interest directly from who received her. This "third good" in the Western world was soon detected in well-defined processes of some metals, the most notable of which is gold. With gold, to make a concrete case, it was possible to sell any goods at the right time, in exchange for receiving the coins. It was then possible to reuse the same gold to buy perishable goods, such as wheat or vessels, at the time when it was desired to do so or when it was available. For wheat, after harvest, and ceramics when she came to the market place. The introduction of money had made âEUR
Bullion: Gold futures on MCX were trading in a narrow range tailing a similar movement in COMEX futures. However, rupee's weakness against the dollar lent some support to local prices. On COMEX, the metal was stuck in a thin band today as investors wereawaiting further cues from the US Federal Open Market Committee two-day meeting starting Tuesday.
Energy: Depreciation in the rupee against the US dollar prevented crude oil futures on domestic bourses from declining but mixed cues from global contracts kept prices in a narrow range. Crude oil prices on the New York Mercantile Exchange were in a narrow range as the market is awaiting monetary stimulus-related triggers from the US and the Eurozone.
Metals: Base metal contracts on the MCX showed a mixed trend. While copper and aluminium were in the red, the other metals in the complex were trading marginally higher on lack of definitive cues. Copper was weak taking cues from the London Metal Exchange, where prices fell as the market remained wary ahead of a two-day US Federal Reserve meeting beginning Tuesday.
The solution to trade on credit, which is widely practiced among different tribes, assumed strong relationships, usually not easy to establish or maintain. The exchange easier for the immediate delivery of temporal contiguity. But this was obviously necessary that the goods were available both at the same time and in the same space, and it was not just a precondition. For example, a barter of oranges against wheat, places the different times of seasonal maturation and thus to find, it was impossible, or at least inadvisable.Over time, by direct barter is then passed to barter mediated through the use of a third commodity, guarentigio character, which could act as a "value-bridge". This allowed not only to expand the possibilities of trade than the contemporary retrieval, but also to exchange or indirect, in which more than two people exchanged goods without any time who supplied goods in return got a good of interest directly from who received her. This "third good" in the Western world was soon detected in well-defined processes of some metals, the most notable of which is gold. With gold, to make a concrete case, it was possible to sell any goods at the right time, in exchange for receiving the coins. It was then possible to reuse the same gold to buy perishable goods, such as wheat or vessels, at the time when it was desired to do so or when it was available. For wheat, after harvest, and ceramics when she came to the market place. The introduction of money had made âEUR
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