Because the gold merchants in the venue strictly abide by their credit, they rarely violate the rules.
Hongkong spot gold market is a regular market, and its nature is the same as that of gold futures in new york and Chicago Commodity Futures Exchanges. The trading mode is formal and the system is relatively sound, which can make up for the shortage of the gold and silver trading market.
China Gold and Silver Exchange conducts spot and futures trading of gold. The trading system is a membership system. Only companies and banks that meet certain requirements can become members, and the quota of members is strictly controlled. Although the number of members entering the trading hall is small, their reputation is extremely high. Take China Gold and Silver Exchange as an example: members of the exchange conduct transactions in the form of open bidding and oral clappers.