New highNot sure why there is such a disparity between the gold price bench mark and the spot price that we observe.
Today's LBMA auction hit a new all time high of $2069.40 in London this morning.
It appears that there are many ways to value the price of gold.
In the real world, whatever that is, the value of just about anything is what someone is willing to pay for it. That's been my experience.