Commodity glossary K
- Unit of fineness, scaled from one to 24. 24 karat gold (or pure gold) has at least 999 parts pure gold per thousand; 18-karat has 750 parts pure gold and 250 parts alloy, etc.
- In technical analysis, a crucial change in price direction, signalling an end to either a bull or bear market.
- A trading session when open-outcry transactions occur freely outside of scheduled ring times and when all or some of the LME metals are traded simultaneously.
- A popular small gold bar. A one-Kg bar .995 fine = 31.990 troy ounces, and a one-KG bar 9999 fine = 32.148 troy ounces.
- In options, an exotic option in which the option becomes valid only when a pre-agreed price level (usually different to the strike price) is touched during the lifetime of the option.
- An exotic option which is automatically terminated or "knocked out" if the price of the underlying asset reaches a predetermined level (usually different to the strike price) during the lifetime of the option