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In the trading market of gold and other products "COGS" is the cost of goods sold, one of the many factors along with labor and transport used to figure the profitability of the commodity traded.

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12y ago

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What does lgb mean in gold?

"LGB" in gold typically stands for "London Good Delivery Bar," which is a commonly traded gold bar that meets certain quality standards for trading on the London bullion market.


What does FIB mean in terms of international gold trading?

In the context of international gold trading, FIB stands for "First In, Best" or "First In, Best Dressed." It refers to a trading principle where the first buyer or seller to make a trade has priority over subsequent transactions. This can impact pricing and availability, as it incentivizes timely execution in the fast-paced gold market. Understanding FIB dynamics can help traders optimize their positions and strategies.


What does LAM - mean on gold?

LAM on gold typically refers to "London Good Delivery" standards, which are the specifications for gold bars that are accepted for trading on the London bullion market. These standards ensure that the gold bars meet specific criteria for weight, purity, and dimensions, allowing them to be easily traded and recognized by market participants. In some contexts, LAM may also refer to a specific assay or certification related to the quality of the gold.


What does lkg mean on gold?

"LKG" on gold typically stands for "London Good Delivery," which is a standard used for gold bars that meet specific criteria set by the London Bullion Market Association (LBMA). Gold bars marked as LKG are recognized for their quality, weight, and purity, making them acceptable for international trading and investment. This designation ensures that the gold meets rigorous standards, providing confidence to investors and traders in the market.


What does 109 on gold mean?

The term "109 on gold" typically refers to the price of gold being quoted at 109 units of a specific currency, often per ounce. This could be indicative of a market price or a reference point in trading or investment discussions. Prices can fluctuate based on market conditions, supply and demand, and geopolitical factors. Always check current market reports for the most accurate pricing information.


What does cour d'or mean in English?

it could mean the (market) price for gold


What does play stock market mean?

The term play stock market could be referring to a number of things. There are virtual stock markets that you can begin trading on that do not have the financial risk associated with real stock trading.


What is bullish mean in stock market?

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What is L mean on gold?

The "L" in the context of gold typically refers to the purity of the gold, specifically indicating "carat" (often abbreviated as "K" for karat). For example, 24K gold is considered pure gold, while 18K gold contains 75% gold and 25% other metals. In some contexts, "L" may also refer to "London," as in the London Bullion Market, which is a major trading hub for gold and other precious metals.


What does the day trading term arbitrage trading mean?

Arbitrage trading is trading that takes advantage of a difference in price between two or more different markets, to make a profit equal to the difference in the market prices. Arbitrage trading is useful in banks and brokerage firms.


What does it mean when the stock markets in the green?

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what is the price for gold per ounce.I mean 22k?

http://kitco.com/market/ can tell you day to day what gold is going for.