Futures is the domestic market. Like the stock market, there are bookmakers in it, and there is also the problem of information asymmetry. Retail investors are in an extremely unfavorable position among them. In addition, the trading time of futures is very short, usually 4 hours, and the trading time of gold T+D is 10 hour. Spot gold has no dealer, and it is traded 24 hours a day, and no settlement is required. Deal immediately. The funds will arrive immediately. Gold spot margin trading is represented by the London spot market, and there is no fixed trading place. As the counterparties of global market participants, the five largest gold merchants in London (Luo, Jin Baoli, Wandaji, Wanjiada and Meisi Pacific), investors only need to pay a certain percentage of spot deposit when buying gold, and the rest is similar to bank loans, so they have to pay a certain percentage of interest on a daily basis. Interest can also be interpreted as the loss of opportunity cost of gold merchants. Gold futures margin trading, represented by the New York Mercantile Exchange and NYSE, has a fixed trading place, and the trading target is not spot gold itself, but a standardized gold trading contract, which stipulates that both parties to the transaction will deliver gold in kind at an agreed price at a certain time in the future. This is also a margin transaction, but only for its members. This kind of margin trading is different from London spot margin trading and American futures gold margin trading. It is a spot gold transaction. Different from the spot market in London, it has a fixed trading place, only as a trading medium for investors, matching investors to trade, and the exchange itself does not participate in gold trading. Different from the American futures market, the subject matter of American gold futures is a standardized gold trading contract, while the delayed delivery of gold in Shanghai Gold Exchange is spot gold trading. First, the US dollar and gold are strategic reserves of all countries in the world. If the dollar rises, it will naturally weaken the value of gold as a reserve. On the contrary, a weaker dollar will increase the value of gold as a strategic reserve. Second, the American economy remains the pillar of the world economy. As a country that accounts for1/4 of the world economy, the American economy certainly reflects the world economy, and gold is inversely proportional to the quality of the world economy. Third, gold is priced in dollars, so when the dollar appreciates, gold will certainly fall. On the contrary, when the dollar depreciates, the price of gold will also rise. If you want to invest in spot gold, you must first know that this is a high-risk and high-yield investment project. My suggested financial management method is, don't use all your funds to speculate on spot gold. I suggest the safest way to manage money for young people or middle-aged people; 50% capital preservation; Daily consumption, children's education, endowment insurance, bank deposits, national debt, etc. Mainly invest in some products with high stability and relatively small returns. (Benefits and risks coexist. If someone tells you that a high-yield and low-risk investment project is definitely not a pie, but a trap, 25% of the funds will attack steadily; Quality stocks, funds, real estate, etc. The funds for steady attack mainly invest in some steady growth, and do not seek high returns, but only require steady growth. 25% funds stormed; Futures, spot gold, etc. As a storm, funds require high returns and funds should expand rapidly. Of course, the relative risk is also high, but relying on your own technology to avoid risks reasonably, the benefits are very objective. (Among them, spot gold trading is unlimited, the time is long, and the leverage ratio is 50- 100 times, which should be the best choice. )