Many people say that gold speculation has overnight interest. What is this overnight interest? How to calculate the speculation of precious metals in Jindao?

The name overnight interest comes from the foreign exchange market, and precious metals are used in China, or "warehouse interest" to be exact.

For example:

If you buy 100 ounces of gold on the platform of Jindo, Jindo will buy 100 ounces of gold bars in the international market according to your requirements and store them in the warehouse of Jindo for your reference. Your gold bars occupy someone else's warehouse, and the storage fee paid is called warehouse interest.

Do I need to go to the bank to transfer 5000 dollars from abroad to China?

Do you open foreign exchange accounts in US dollars?

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