Now, COMEX has reached an agreement with the New York Mercantile Exchange. So now the regular international gold futures are called "new york Gold Futures". It opens at 6:00 on Monday and closes at 5: 15-6:00 every day. Trading is 24 hours a day except weekends.
Trading hours of gold futures
1 and 5- 14 in the morning are generally very light, mainly because the driving force of the Asian plate is small! Generally, the vibration amplitude is small and there is no obvious directionality. Mostly for adjustment callback. Generally, it is contrary to the trend of the day. For example, the trend of the day rose, and during this period, it mostly fluctuated slightly. In the meantime, if the price is right, you can purchase goods appropriately.
2. Noon 14- 18 is the morning market in Europe. After Europe starts trading, the funds will increase, and this time will be accompanied by the release of some data that have an impact on European currencies! In the meantime, if the price is right, you can purchase goods appropriately.
3. In the evening 18-20, Europe takes a lunch break, and the American market is light in the early morning! This time is the lunch break in Europe and the eve of waiting for the start of the United States. This time period should wait and see.
4.20:00-24:00, afternoon session in Europe, morning session in America! This period is the time when the market fluctuates the most, and it is also the time when the amount of funds and the number of participants are the largest. During this period, we will act in full accordance with the direction of the day, so judging the market will be based on the general trend, and this period is a good time to ship.
From 5.24: 00 to early morning, it is the afternoon time in the United States. Generally, this time has already come out of the big market, and this time it is mostly a technical adjustment to the previous market. We should wait and see. On April 20 13, the night market will be launched in China, and the trading time will be from 9: 00 to 02: 30 (early morning).
Gold futures are also called "gold futures contracts". Futures contracts with gold as the trading object. Like general futures contracts, gold futures contracts also include trading unit, quality grade, term, final maturity date, quotation method, delivery method, minimum price change range, daily price change limit and so on. According to the different units of measurement, gold futures contracts can generally be divided into two specifications. Take the Chicago Grain Exchange as an example. One is gold futures with a weight of 1 1,000g and a purity of 99. 5%, and the other is gold futures with a weight of 65,438+0,000 Moz and a purity of 99. 5%.
The most basic part of the gold market, in which the suppliers are mainly gold mines and gold smelting enterprises, and the demanders are mainly gold products manufacturers and jewelers.
Gold reserve is also the formulation and implementation institution of monetary policy and an important force affecting the gold market. When the central bank needs to increase its gold reserves, it is an important demander of the gold market, and when the central bank wants to reduce its gold reserves, it is also an important supplier of the gold market. Central banks in major western countries generally mainly sell gold, while R is engaged in "lending gold business", and more often appears as a supplier.
Commercial banks: Commercial banks have multiple identities in the gold market. The gold business of commercial banks is very complicated. Some of their businesses are to carry out the gold business of the central bank, and some are to carry out the gold business on behalf of customers. From this point of view, commercial banks are important intermediaries in the gold market, and their agency business covers both gold wholesale and gold retail. On the other hand, commercial banks also have some gold self-operated businesses, and they also have the identity of gold self-dealers.
Financial investment instruments are also an indispensable and important investment variety in investors' investment portfolio. There are a lot of gold investors in the world, including institutional investors and individual investors. The most important funds among institutional investors include the following two categories:
① Traditional funds: refer to traditional commodity funds and hedge funds.
② Exchange-traded Gold Fund (ETFS): This is a new fund in the securities market in recent years. The fund issues fund shares in the securities market, and then invests the funds raised by the fund in gold. Usually, each fund unit is equal to 65,438+0/65,438+00 ounces of gold.
Intermediaries in gold market: such as gold exchanges, agents, brokers, market makers, etc. Intermediaries play the role of organizing transactions, serving investors and communicating with all parties involved in the market, and only play the role of activating market transactions and giving full play to the functions of the gold market from summer to sun.
From the composition of the gold market, we can see that the global gold supply mainly consists of three parts: one is mineral gold, which is a new gold in the world; Second, the central bank sells gold, that is, the gold reserves of various countries flow to the market; Third, the recovered gold, that is, the gold held by consumers (mainly jewelry) has become money.
The demand for gold mainly consists of two parts: one is gold processing and industrial mining, that is, the actual consumption part; The second is the demand for gold investment, including the increase of gold reserves by the central bank and the investment demand of institutional and individual investors. Trading plays an important role in the role of the gold market.