Today, the price of gold is just over $3,300 per ounce. But where does that number come from? And why do different sources quote different prices?

In this episode of the Money Metals' Midweek Memo podcast, host Mike Maharrey takes a deep dive into the sometimes confusing world of gold pricing. He explains the difference between the spot, futures, and fixed prices, and what each price tells you about the market.

This week, Mike also covers another milestone for gold and offers some tips on navigating and making sense of the markets in these chaotic times when prices whipsaw with the latest post on social media.