A large quantity of physical gold of at least 99.5% purity, cast in bars, ingots or coins. Investors often buy bullion as a tangible alternative investment and safe-haven asset to hedge risk against other market exposure.
A certificate of ownership that gold investors use to buy and sell the commodity instead of handling transfer and storage of the physical gold itself.
Read full definitionThe standard unit for trading gold on the futures exchange: one contract is equal to 100 troy ounces.
Read full definitionThe symbol for gold.
Read full definitionThe impact on a share price of a company paying out dividends on the ex-date. The price takes a slight dip because money flows out of the company to shareholders, with the dividend adjustment occurring at the close of business before the ex-dividend date.
Read full definitionA term for the Australian Securities Exchange index (ASX 200), which tracks the top 200 companies by market capitalisation listed on the Australian stock exchange.
Read full definitionAny market that experiences a fall of around 20% or more from its recent high. Most commonly applied to stock markets, the term can also be used for anything traded, including currencies and commodities. It is the opposite of a bull market.
Read full definitionA fixed-income investment representing a loan made by an investor to a borrower, typically corporate or governmental. It works like an I.O.U. between lender and borrower that includes the details of the loan and its payments.
Read full definitionAny market in which prices are rising or expected to rise imminently. Typically applied to stock markets, the term can also be used for anything traded, including currencies and commodities. It is the opposite of a bear market.
Read full definitionA marketplace where securities are paid for and delivered immediately at the point of sale. A stock exchange is a cash market because investors receive their shares as soon as they have paid for them.
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