What is London gold?
London gold is also called spot gold or international gold. London gold is a trading product provided by the London International Financial Futures Exchange. London gold trading is not a kind of gold, but a trading method of precious metal deposits. London gold is named after its origin in London.
Characteristics of gold investment in London
1, global wealth management products, the daily trading volume is huge, there is no banker in the London gold market, the market is standardized and self-disciplined, and the transactions are fair and just.
2. The investment threshold is low, the operation is simple, and you can open an account quickly with or without foundation.
3. Long trading time and flexibility. London gold trading hours are from 9 am to 2: 30 am the next day. Generally speaking, the most active time for gold trading is the American market, which is between 8 pm and the next morning 1.
4. There are many profit opportunities and many factors that affect the price trend of London gold, which provides many profit opportunities for London gold, and investors can find the best trading opportunity in price fluctuations.
In addition, high income, quick settlement of funds and safe funds are all characteristics of London gold trading. However, London gold trading is also a high-risk investment product, and investors should pay attention to avoiding risks.
What is the King of new york?
The United States is the global gold futures trading center, and the gold futures varieties in the United States mainly refer to the gold futures varieties of COMEX Exchange, which are usually called "new york Gold".
What's the difference between London gold and New York gold?
1. Different varieties: London gold 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 generally adopts two-way quotation by market makers, while New York gold is a matching quotation mechanism, which may not be able to close the transaction immediately after entering the market at the specified price.
3. Different markets: There are basically spot contract centers in the world that can realize online London gold trading. The online trading and on-site delivery system created by new york Gold in the market is limited to the local gold market in the United States.
4. The trading code is different: the gold futures trading code is GLNC, while the spot gold trading code is XAUUSD.
5. Different price fluctuations: the lowest price fluctuation of gold in London is 0.0 1 USD/oz, and the lowest price fluctuation of gold in new york is 0. 1 USD/oz.