Method 1: Cross-month arbitrage.
Speculators take advantage of the market price difference of the same commodity in different delivery periods in the same market to buy futures contracts in one delivery month and sell similar futures contracts in another delivery month to make profits. Its essence is to profit from the relative change of the price difference between different delivery months of the same commodity futures contract. This is the most commonly used form of arbitrage. Cross-month arbitrage has nothing to do with the absolute price of goods, but only with the trend of price difference in different delivery periods.
The Second Arbitrage Mode of Speculative Gold Futures: Cross-market Arbitrage
Speculators take advantage of the difference in futures prices of the same commodity in different orders and buy and sell futures contracts in two orders at the same time to make profits. When the price difference of the same commodity in two order houses exceeds the transportation cost of the commodity from the delivery warehouse in one order house to the delivery warehouse in another order house, it can be expected that their prices will shrink, reflecting the real cross-market delivery cost in a certain period in the future.
The third arbitrage way of speculating gold futures: cross-commodity arbitrage
It refers to arbitrage by using the futures market difference between two different but interrelated commodities, that is, buying (throwing) a futures contract of one commodity in a certain delivery month and throwing (buying) another futures contract and another related commodity in the same delivery month.