The us standard is 48 per fine ounce the frbny will buy or, Ask an Expert

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The U.S. standard is $48 per fine ounce. (The FRBNY will buy or sell at $48 per fine ounce). The U.K. standard is £12.00 per fine ounce. (The BOE will buy or sell gold at £12.00 per fine ounce.) The spot rate is $3.98/ £1.00 and you can ship one ounce of gold from New York to London (or London to New York) for $0.01 per fine ounce. Is there arbitrage opportunity?

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Financial Management, Finance

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