Spot Price (Noun)
Meaning
The current delivery price of a commodity traded in the spot market.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The spot price of oil rose to a new high due to the conflict in the Middle East.
- Analysts closely watch the spot price of gold as an indicator of market sentiment.
- The company's profit margins were squeezed by the volatility of the spot price of copper.
- The spot price of wheat increased sharply after the drought affected major crop yields.
- Hedging against the spot price of natural gas helped the energy firm manage its risk exposure.