The difference between new york gold and London gold;
1, different varieties:
London gold trading is a spot contract trading mode, which is a bit poor. An open-ended contract will generate overnight interest.
New york gold is a futures contract trading mode, with no spread, a term contract and no overnight interest.
2. The quotation mechanism is different:
London gold is generally quoted by market makers in two directions.
New york gold is a matching quotation mechanism, so it may not be possible to make a deal immediately after entering the market at the stipulated price.
3. Different markets:
There are basically spot contract centers around the world that can realize online London gold trading.
New york gold market is an online trading and on-site delivery system created for new york Stock Exchange (COMEX), which is limited to the local gold market in the United States.