1. The United States: Official holders and international financial institutions in most countries and regions store gold in the United States, of which more than 10,000 tons of gold are stored in the Federal Reserve Bank of New York. The storage location is a huge underground gold labyrinth, in which gold warehouses from various countries or institutions are dotted, with golden mountains shining brightly. When gold needs to be delivered after a transaction, porters move huge gold bars or gold nuggets from the seller's warehouse to the buyer's warehouse. Due to the huge transaction volume, they move them here and there every day according to transaction needs. They are truly gold movers. The New York gold market developed after gold controls were lifted in 1975. As New York becomes the fourth largest gold processing center in the world, the New York Gold Market has become the link between gold producers and processors. The gold bars traded tend to weigh 400 ounces or 100 ounces.
2. Switzerland: Due to Switzerland’s neutral status and its special banking system, which creates a free and confidential environment for gold transactions, Switzerland has become the world’s largest gold transfer station and private new gold dealer. storage center. The Zurich Gold Pool is composed of the Swiss First Bank of Boston (CSFB) and the Union Bank of Switzerland (UBS). It is not under the jurisdiction of the government and does not implement a gold fixing price system.
3. London: It is a veteran gold market, consisting of the five traditional gold banks. The gold price implements a fixing price system, which is set once in the morning and in the afternoon. The London gold fixing price is almost the benchmark price of the world gold market. London's gold trading scale ranks first in the world.
4. Hong Kong Gold Market: Opened in 1910, it is currently the main gold distribution and settlement center in the Far East, connecting the New York gold market and the European gold market.
5. Singapore Gold Market: Founded in 1969, it emerged due to its entrepot port conditions.
6. China Shanghai Gold Exchange: The establishment of China Shanghai Gold Exchange has enabled China's gold market, currency market, securities market, and foreign exchange market to form a complete financial market system in my country.
The main gold futures markets are the New York Mercantile Exchange (COMEX) and the Tokyo Commodity Exchange (TOCOM). In addition, Sao Paulo, Chicago, and the Central American Commodity Exchange are also quite large.