Uranium, chemical symbol U, is a radioactive chemical element that is essential in producing nuclear fuel. It is silvery-white in color when in its natural form. The demand for nuclear power as well as the global supply of uranium often affects the price of the commodity.
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Why use Amazon EC2 Spot Instances?
While spot prices are specific to both time and place, in a global economy the spot price of most securities or commodities tends to be fairly uniform worldwide when accounting for exchange rates. In contrast to the spot price, a futures price is an agreed upon price for future delivery of the asset. Spot prices are most frequently referenced in relation to the price of commodity futures contracts , such as contracts for oil, wheat, or gold. This is because stocks always trade at spot. A futures contract price is commonly determined using the spot price of a commodity, expected changes in supply and demand, the risk-free rate of return for the holder of the commodity, and the costs of transportation or storage in relation to the maturity date of the contract.
The current price per unit of weight and currency will be displayed on the right. The Current Value for the amount entered is shown. Totals for Gold and Silver holdings including the ratio percent of gold versus silver will be calculated. The spot price of Gold per Troy Ounce and the date and time of the price is shown below the calculator. If your browser is configured to accept Cookies you will see a button at the bottom of the Holdings Calculator. Pressing the button will place a cookie on your machine containing the information you entered into the Holdings Calculator.