There is a big difference between London gold and new york gold. First of all, the content and nature of the transactions between them are different. Loco London gold belongs to spot gold trading, while new york metal trades in gold futures, with different trading varieties. Secondly, London gold trading is a bit poor because it is a spot contract trading model. There is no fixed-term contract, but there is overnight interest. New york gold is a futures contract trading mode, with no spread and no overnight interest, but a term contract. Furthermore, the lowest price fluctuation of London gold and new york gold is different. The lowest price of gold in new york fluctuates greatly, with the lowest price of 0. 1 USD/oz, while that of London gold is much smaller, with the lowest price fluctuating by 0.0 1 USD/oz. Finally, the delivery cycle is different. New york gold is a forward contract, so it has to be delivered at a certain time, while London gold is a recent contract, and an application must be made before trading. Of course, the trading places of the two is also different. New york gold is traded on the New York Mercantile Exchange, so it is limited to the gold trading market in the United States, and the trading scope is much smaller. London gold is traded on a global scale and investors all over the world can participate, so the London gold market is also the largest spot gold market in the world.