What are all the international spot gold transactions?

International spot gold, also known as London gold, got its name because it first originated in London. London gold is often referred to as European gold trading. Take London Gold Exchange Market and Zurich Gold Market as representatives.

Investors ’trading records are only reflected in the“ gold passbook account ”opened by individuals in advance, and no physical gold withdrawal is required. The difference between the purchase price and the selling price is smaller than the difference in real gold trading.

Spot gold is an international wealth management product. Each gold company establishes a trading platform and conducts online trading transactions with market makers in the form of a leverage ratio to form an investment wealth management project.

However, many investors should not be very clear about all the international spot gold transactions. The following editors will introduce you in detail.

1. London Gold Exchange Market

The London gold market has a long history, and its development history can be traced back more than 300 years ago. In 1804, London replaced Amsterdam, the Netherlands, as the center of gold trading in the world. In 1919, the London Gold Market was officially established, with two gold prices in the morning and afternoon.

The five major gold banks set the gold market price for the day, which has always affected New York and Hong Kong transactions. The main supplier of market gold is South Africa.

Open http://t2.mademoney.net, then click whatsapp account +917406391776 to add teachers. A simple greeting may open the door to wealth.

2. Zurich Gold Market

At any specific time on each trading day, Zurich determines the gold price of the trading day according to the supply and demand status. This price is the official price of Zurich gold. There is no daily limit for the fluctuation of the daily gold price on this basis.

Zurich gold market is an international gold market developed after World War II. Zurich's gold market ranks second only to London in the international gold market.

3. New York Gold Market

This huge international gold market was formed because the United States announced in 1975 that its residents were allowed to hold and trade gold, and because New York is one of the largest international financial centers.

In addition, the U.S. Treasury and [[The International Monetary Fund auctioned gold in New York after the Jamaica meeting. At the same time, the domestic demand for gold in the United States continued to expand. As a result, the New York gold futures market soon became an important component of the world gold market section.

4. Hong Kong Gold Market

The Hong Kong gold market is composed of the Hong Kong gold and silver trading market, the Hong Kong London gold market, and the Hong Kong gold futures market. In 1974, the Hong Kong government lifted the controls on the import and export of gold, and since then the Hong Kong gold market has developed extremely rapidly.

Because the time difference of the Hong Kong gold market just fills the gap before the closing of New York and Chicago markets and the opening of London, it can connect Asia, Europe and the United States to form a complete world gold market.

The above is the whole content of "what is the international spot gold trading", I believe investors have a certain understanding of the global gold trading market, the details of the members of the gold and silver trade field can be inquired in the column below.