- What is the “Will Gold hit $3,000 before March?” market asking?
- It asks whether the following will happen: Will Gold hit $3,000 before March? Traders buy Yes shares if they think it will and No shares if they think it will not.
- What do the Yes and No prices mean?
- At the last observation Yes traded at 0.0¢ and No at 100.0¢. A Yes share pays $1 if the market resolves Yes, so its price is the market's implied probability: 0.0% for Yes and 100.0% for No. The two prices add up to about one dollar.
- When does this market close?
- Trading is scheduled to close on Feb 28, 2025 UTC. After the close no new trades are accepted and the outcome is settled by the resolution source.
- How does this market resolve?
- This market will resolve to "Yes" if the price of the COMEX Gold Continuous Contract (GC00) reaches $3,000.00 per troy ounce by February 28, 2025, market close. Otherwise, this market will resolve to "No". The resolution source for this market is marketwatch.com, specifically the GC00 "High" prices available at https://www.marketwatch.com/investing/future/gc00/charts, with the chart settings on "1m" for one-minute candles selected on the top bar. If marektwatch.com is unavailable, another source for COMEX trading data for the Gold Continuous Contract will be used.
- What is the difference between volume, liquidity and open interest?
- 24h volume ($223.48K) is the dollar value of shares traded in the last 24 hours. Volume measures activity, liquidity measures how easily you can trade, and open interest measures how much is at stake.
- Who holds the biggest positions in this market?
