Definition: Spot price refers to the current price of a security at which it can be bought/ sold at a particular place and time.
Description: Spot prices are most commonly used for serving as a base indicator for pricing future contracts. Based on the spot price of the security, traders/ investors are able to make projections about the future price movements of the security.
They actually represent the market expectations of the security's future prices. Especially in case of commodity futures contracts, the spot price contributes to ascertain the futures price of the commodity.
US regulators could approve spot ether ETFs for launch by July 4Ether ETFs are on the brink of approval, with major stock exchanges gearing up for trading. The process, involving top asset managers and regulatory bodies, seems to be approaching its final stages, indicating a significant development in the ETF market.
Gold rises 1% to two-week peak as Fed rate cut bets lift demandGold prices rose more than 1% on Thursday to their highest level in two weeks, as recent U.S. economic data showing signs of a slowdown in the world's largest economy boosted bets for interest rate cuts from the Federal Reserve this year.
US SEC expected to deny spot ether ETFs next month, industry sources sayVanEck, ARK Investment Management and seven other issuers have filed with the SEC to list ETFs that would track the spot price of the world's second-largest cryptocurrency after bitcoin. The SEC must decide on VanEck's and ARK's filings, which are first in line, by May 23 and May 24 respectively.
Rupee falls 6 paise to settle at 83.39 against US dollarThe rupee depreciated 6 paise to settle at 83.39 (provisional) against the US dollar on Thursday due to a strengthening greenback against major rivals overseas and rising crude oil prices in the international markets.
Rupee falls 7 paise to close at 83.36 against US dollarThe rupee declined by 7 paise to close at 83.36 (provisional) against the US dollar on Wednesday, tracking a strong American currency against major rivals overseas and weak Asian peers. However, a surge in domestic markets and a decline in crude oil prices cushioned the downside, forex traders said.
Oil drifts lower as China reforms underwhelm despite OPEC+ supportOil slipped for a second day on Tuesday as concern over China's plan for growth and uncertainty over the pace of U.S. interest rate cuts offset the prospect of a tighter market due to continued OPEC+ supply restraint.