what does ask price mean in buying gold
The ask is opposite of the bid. The ask is the current lowest price at which you could buy. As a rule, you buy it often higher than the ask price. After realize the two terms, we should know another term bid-ask spread.The difference between the bid price and the ask price is called the bid-ask spread. If you would like to sell gold, a broker will offer to buy it for the bid price.And if you would like to buy it, the broker will offer to sell it to you for the ask price. The spread is the broker's profit.he ask is opposite of the bid. The ask is the current lowest price at which you could buy. As a rule, you buy it often higher than the ask price. After realize the two terms, we should know another term bid-ask spread.