Graph 3  There are both cyclical and structural explanations for why this change has taken place. From the cyclical perspective, there is still spare capacity in the labour market. The unemployment rate has been around 5½ per cent for a year now (Graph 4).
The transaction could be settled before, after or on the contracted date as negotiated by the buyer and seller. The price is decided on the day of transaction. This product avails gold producing and demanding enterprises to hedge against risks, diversifies tools for investment and enlarges the variety of transactions on the market.