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The trading mode of gold trading
Every successful gold market, institutions and places that provide services for gold trading are actually different. Specifically, it can be divided into intangible markets without fixed trading places, represented by London gold market and Zurich gold market, which can be called European; Commodity exchanges have gold trading business, represented by IMM in the New York Mercantile Exchange and the United States, which can be called American; Some gold markets are traded on specialized gold exchanges, such as China Gold and Silver Exchange Association and Singapore Gold Exchange, which can be called Asia. This kind of gold trading generally has a special gold trading place, and gold spot and futures trading are carried out at the same time. 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. Because the gold merchants in the venue strictly abide by their credit, they rarely violate the rules.

In fact, the above exchanges are different from gold dealers and banks in specific forms and operations, and the essence of their operations is the same. They all try their best to meet the needs of different gold traders in the world and provide convenience for gold trading.