Secondly, futures contracts are easily transferred and can be bought and sold according to market prices. However, the transfer of long-term contracts is difficult, and they cannot be transferred unless the third party accepts the contract. Thirdly, most futures contracts are closed before maturity, which has certain speculative and investment value, and the price is also changing. Long-term contracts are generally delivered in kind after expiration.
Finally, gold futures trading is conducted on fixed exchanges, while forward trading is generally conducted off-site.