London gold market has a long history, and it is also the main spot market in the world, which consists of five major gold trading companies. Before World War II, London was the largest gold market in the world, with a huge trading volume, accounting for about 80% of the world's trading volume. This is the only market in the world where tons of gold can be bought.
2. Zurich Gold Market
Zurich gold market is a worldwide free gold market developed after World War II. It is centered on the three major Swiss banks and jointly manages gold. Unlike gold traders in London, they not only act as brokers, but also have a large amount of gold reserves for gold trading.
3. New York Gold Market
The New York gold market is currently the largest gold futures market in the world. Every year, two-thirds of gold futures contracts are traded in new york, but the transactions are full of moisture and speculation. The development history of the gold market in New York is short, but the development speed is quite fast. The daily trading volume reaches 30,000-40,000, and the turnover is about 70 tons of gold. 1980, the New York gold market traded 800 million ounces, about 25,000 tons of gold, while the world gold supply was only 1700 tons per year.
4. Hong Kong Gold Market
The gold market in Hong Kong has a history of over 70 years. Since 1960s, Hong Kong's gold market has developed into a major gold trading center in the world. 1987 The total value of gold imports reached186 billion Hong Kong dollars, an increase of 273.5% compared with 1986. In the same period, the gold turnover increased from HK$ 123 1 100 million to HK$ 3.710.40 billion, an increase of 300%.