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What is spot gold trading? What does spot gold mean?
Spot gold, also known as London gold trading, is an investment and financial management project formed by gold companies establishing trading platforms and conducting online transactions with market makers in the form of leverage ratio. Spot gold is often called the largest stock in the world, and its essence is to earn the difference by buying and selling gold. Its trading mechanism is flexible, investors can operate in two-way T+0 24 hours through the electronic platform, and there are profit opportunities regardless of the gold price. \x0d\ Market makers are four major international gold merchants: HSBC, Maple Leaf Bank of the United States and Lochiel International Investment Bank. Quotation: the international unit of valuation is USD/oz, which is settled in USD, and RMB is converted into USD according to the bank exchange rate. (1 oz = 3 1. 1 035g) \x0d\ Trading time: trading 24 hours a day, contract unit:1hand =100oz \x0d\ Contract specification: standard order: Long: the profit of buying at a low price and selling at a high price. Buy down (short): sell at a high price, buy at a low price, and make a profit. \x0d\ Transaction form: T+0 form means buy and sell, two-way operation and down payment (margin) form. \x0d\ Down payment (down payment) is in the form of margin trading. Let me explain what margin trading is: margin trading, also known as deposit trading, refers to investors trading with their own funds as a guarantee by amplifying the financing provided by banks or brokers, that is, amplifying investors' trading funds. The financing ratio is generally determined by banks or brokers. The greater the financing ratio, the less money customers need to pay. Spot gold deposit ratio is less than 1%. To put it simply, I want to buy 1 00g of gold, and I only need to pay a deposit (deposit) less than100g of gold.