Spot Gold is one of Phillip Futures gold contracts which has no maturity and is rolled over each day.
Rollover means that an investor’s position is extended at the end of the trading day without settling. This means positions will be opened until they close their position. In addition, settlement is done in cash so it provides investors simplicity in owning gold.
Spot Gold vs Traditional Gold?
Compared to traditional trading in gold, our spot gold contracts provide flexibility for investors in terms of market access and gold storage. With spot gold contracts, we offer an easy access to gold without having the concern of storing the actual gold. Phillip Futures Spot Gold markets are also open nearly 24 hour.
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