London is the first of the four largest gold markets in the world with a history of 300 years. It is the largest spot gold market in the world at present. The biggest feature is that there is no fixed exchange. Because there is no fixed trading place in London, it can be traded anytime and anywhere. Investors should note that [local London gold trading] refers to gold trading without a fixed trading place or trading time around the world, not going to London for trading or settlement. Compared with American futures gold, this form is called "spot gold".
In London, the London gold market is mainly composed of five major gold merchants, companies or shops qualified to buy gold from them, various processing factories and other sales networks. The five big gold dealers buy and sell each other, while other small gold dealers buy and sell according to the big gold dealers. At the time of trading, gold merchants quote their buying and selling prices according to their respective buying and selling prices. The most popular way to buy and sell Loco-London gold is that customers do not need to pay real money, but only need to pay interest at the agreed interest rate, and make profits or losses when closing positions according to the price fluctuation.
The opening hours of London gold trading in summer are 3: 30pm-12: 00pm Beijing time and 4: 00pm-65438+0: 00am the next day in winter.
2. New York Gold Market: the New York Mercantile Exchange
The American gold market developed in the mid-1970s. The New York Mercantile Exchange is currently the largest gold futures trading center in the world. The biggest feature of new york Stock Exchange is trading in the form of futures, and the prices they offer have a great influence on the gold price in the spot market. In new york, there is no real gold market for gold futures trading. The gold market belongs to NYSE, and gold is just one of the commodities of NYSE.
The monthly turnover of the New York gold market is divided into even months. Generally speaking, the water level of gold price is higher than that in the forward month, and there are few transactions. At present, gold products traded in the New York Mercantile Exchange include: gold futures, mini futures, gold funds and gold options. As the new york gold futures market is dominated by large hedge funds and institutions, the huge trading volume attracts investors from all sides, which makes the New York gold market highly liquid.
New york gold futures are open from 8: 20pm to 2: 30am Beijing time in summer and from 9: 20pm to 3: 30am the next day in winter.
3. Zurich Gold Market: Swiss Bank
Zurich gold market is second only to London in the international gold market. Zurich gold market, which developed after World War II, has become the largest new gold relay station and the largest private gold storage center in the world because of its neutral background and special banking system. Zurich gold market has thus become one of the four major gold markets.
Zurich Huang Jincheng has no formal organizational structure, and the three major Swiss banks: UBS, Credit Suisse and UBS are responsible for clearing and settlement. Zurich Gold Vault was established on the basis of informal consultations among the above three major banks, and it is not under the jurisdiction of the government. The three major banks are not only the trading market of spot gold, but also banks will participate in the investment and trading activities of gold. Zurich gold market sets the trading price of the day at any specific time of each trading day according to the demand situation, and this price is the official price of gold in Zurich. All-day gold prices fluctuate on this basis and are not subject to daily limit.
4. Hong Kong Gold Market: China Gold and Silver Exchange.
Hong Kong gold market has been rated as the third largest gold market in the world, with a history of over 100 years. It is also the most diversified gold market and the only gold market in the world that opens on Saturday. London's top five gold merchants and three Swiss banks took a fancy to Hong Kong's advantages and set up branches in Hong Kong one after another, forming a new generation of the best London gold market. In Hong Kong, the gold and silver exchange is the most recognized and authoritative market institution for both physical gold and London gold trading.
As one of the four major gold markets and the most important gold market in Asia, the daily quotation in Hong Kong market is closely watched by other trading markets. Internationally, the Hong Kong gold market has just filled the gap between the closing of new york and Chicago markets and the opening of London market, and has become an inseparable part of the international gold market. Apart from the free foreign exchange policy, Hong Kong also has perfect financial and communication services, which is the best bridge for China's foreign economic and trade exchanges. For domestic investors, Hong Kong is the best choice to invest in gold.
On February 5, 20 1 165438, the trading hours of the gold and silver exchange were as follows:
Trading time of public bidding products: 9: 00 am-65438+02 noon; 2 pm -5 pm;
Trading time of electronic trading products: 8: 00 am to 3: 30 am the next day (including Saturday morning).