New york Gold and London Gold are two major international gold investment products, both of which are traded in ounces. Many investors also have a certain understanding of London gold (spot gold), but they may have a little knowledge of new york gold. In fact, there are still some differences between the two. Let's take a look with Bian Xiao. Price difference between new york gold and London gold: 1. Different varieties: London gold is a spot contract trading model, which is a bit poor. An indefinite 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. These are the main differences between the two. It should be noted that at present, there is no direct channel for trading London gold or New York gold in China, so related transactions are basically conducted through overseas platforms, and there will be certain risks in choosing overseas platforms.