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What is the difference between the foreign exchange market and the gold market?
The foreign exchange market consists of the foreign exchange market of an international financial center, which is a huge system. At present, there are more than 30 foreign exchange markets in the world, the most important of which are London, new york, Paris, Tokyo, Switzerland, Singapore and Hong Kong. They have their own characteristics, located in different countries and regions, and are interrelated, forming a global unified foreign exchange market: London foreign exchange market is a typical intangible market with no fixed trading place, and foreign exchange transactions are only completed by telephone, telex and telegram. In the London foreign exchange market, about 600 foreign exchange banking institutions participate in foreign exchange transactions, including domestic clearing banks, commercial banks, other commercial banks, discount companies and foreign banks. These foreign exchange banks have formed the London Association of Foreign Exchange Banks, which is responsible for formulating rules and charging standards for participating in foreign exchange market transactions.

Gold market, mainly engaged in gold trading and gold coin trading. In some countries, the gold market restricts the import and export of gold, while others do not.

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