How is the international gold market divided?
according to different classification standards, the gold market can be divided into different types. 1. According to the international influence and scale of the gold market, it can be divided into dominant market and regional market. The trading scope and participants of the dominant gold market involve the whole world, and the transactions are most concentrated. The price level and transactions determined by the market have far-reaching influence on other markets. Trading in regional markets only involves a certain region or a certain country, and has little influence on other international gold markets, mainly meeting the needs of gold trading in the local area of the country. Such as Tokyo, Paris and Frankfurt, are all regional markets. Second, according to the transaction type and transaction method, it can be divided into spot trading market and futures trading market. Spot trading of gold refers to the transaction method of physical delivery of gold within two trading days. The subject matter of the transaction is mainly gold bars and coins. The intangible gold market mainly means that there is no fixed trading place for gold trading, such as the London gold market, which is mainly formed through the contact network between gold merchants, and the Zurich gold market, which is based on banks. The tangible gold market mainly refers to the gold trading in a fixed trading place, which can be divided into a gold market with a special gold exchange and a gold market located in a commodity exchange. Four, according to the degree of transaction management, it can be divided into free trading market, restricted trading market and domestic trading market. Free trading market refers to the gold market where anyone can buy and sell gold freely without restrictions on the import and export of gold, such as Zurich gold market. Restricted trading market refers to the market where the entry and exit of gold boxes are controlled, and only non-residents are allowed to buy and sell gold freely, which usually exists in countries that implement foreign exchange control. Domestic trading market refers to the market where gold powder is prohibited from entering and leaving the market, and only residents are allowed, while non-residents are prohibited from buying and selling gold, such as the Paris gold market. Five, according to the different division of service participants, it can be divided into primary market and secondary market. The primary market refers to the gold wholesale market, which is a market in which various institutions participate in the transaction, including gold mining companies, gold enterprises, gold merchants, commercial banks and so on. For example, Shanghai Gold Exchange is a primary market.