Gold futures: refers to a futures contract with the gold price of the international gold market as the transaction target at a certain time in the future. The profit and loss of investors buying and selling gold futures is measured by the difference between the time of entry and exit, which is the physical delivery after the contract expires.

Gold TD: gold deferred delivery business, referred to as AU(T+D), is a futures trading mode mainly based on margin trading. Traders can choose to deliver or postpone delivery on the contract trading day, and at the same time introduce a deferred compensation mechanism to stabilize the contradiction between supply and demand.

Similarities between gold futures and gold td;

First, margin trading, with a small fight.

Second, both can be traded in two directions, and buying up and buying down can also be done.

Third, they are all T+O transactions and can be bought and sold at any time.

Four, these two financial derivatives can be delivered in kind.

5. There are ups and downs. Au(t+d) is 7%, and gold futures is 6%.

Sixth, they are all domestic financial derivatives.

Extended data:

Transaction characteristics

Deferred trading of gold is a trading method of margin trading of gold. Being able to do more and short is one of the remarkable characteristics of gold T+D. Compared with physical gold and paper gold, which most people are familiar with, the above two investment methods can only make investors profit when the price of gold rises, otherwise they will be in danger of being caught.

However, gold T+D is different. Even in a weak market where the price of gold falls, you can sell it first and then buy it through short trading to obtain investment income. In a volatile market, once investors misjudge the market, the market will reverse after multiple orders enter the market, or they can turn to backhand short hedging risks to avoid being quilted.

Gold deferred trading also has the function of margin leverage, and it can be fully traded only with a margin of 100%. Take the gold investment of 200,000 yuan as an example. According to the margin ratio of 15%, investors can buy gold assets of 200,000 yuan only by paying 30,000 yuan. This trading method not only enables investors to gain profits with small bets, but also increases risks.

References:

Baidu encyclopedia-gold deferred transaction

References:

Baidu encyclopedia-gold futures