London gold market has a long history. Its development history can be traced back to more than 300 years ago. 1804, London replaced Amsterdam in the Netherlands as the world gold trading center. 19 19, the London gold market was formally established, and gold was priced twice every morning and afternoon. By the top five gold banks (the world's top five gold merchants refer to the top five pricing gold banks in the London gold market. The gold pricing in London is carried out in the "Golden House" of Roche's headquarters office in the center of London, England. From1965438+September 2009 12, the representatives of the top five gold banks in London met in the "Golden House" for the first time and began to set the daily gold price in the London gold market. This system has continued to this day. The five major gold banks set gold prices twice a day at 10: 30 am and 3: 00 pm respectively. At present, the four major pricing banks in London gold market are: Lochiel International Investment Bank; Scotiabank; Deutsche Bank; Bank of America and HSBC. On June 5438+00, 2004, Credit Suisse First Boston Bank withdrew its precious metal market making, financial derivatives, clearing and inventory business in London, new york and Sydney. The withdrawal of Credit Suisse provided gold producers with the opportunity to enter the London Pricing Committee. ) Setting the gold market price of the day has always affected the transactions between new york and Hongkong. The supplier of market gold is mainly South Africa. Before 1982, the London gold market was mainly engaged in spot trading of gold. 1April, 982, London gold futures market opened. At present, London is still the largest gold market in the world.

Zurich gold exchange market

Zurich gold market developed after World War II, while London gold market closed down twice. The price of gold in Zurich market is as important as that in London.

American gold exchange market

The gold markets in new york and Chicago developed in the mid-1970s. The main reason is that after 1977, the dollar depreciated, and Americans (mainly corporate bodies) made profits by hedging and investment appreciation, which made gold futures develop rapidly.

Hong kong gold exchange market

Hong Kong gold market has a history of more than 90 years, and its formation is marked by the establishment of chinese gold and silver exchange society. From 65438 to 0974, the Hong Kong government lifted the control on the import and export of gold, and the gold market in Hong Kong has developed rapidly since then. As the time difference of Hong Kong gold market just fills the gap between the closing of new york and Chicago and the opening of London, it can connect Asia, Europe and the United States to form a complete world gold market. Its superior geographical conditions have attracted the attention of European gold merchants, and five big gold merchants in London and three big banks in Switzerland have set up branches in Hong Kong. They brought the gold trading activities settled in London to Hong Kong, and gradually formed an invisible local "London gold market", making Hong Kong one of the major gold markets in the world.

At present, Hong Kong has three gold markets:

Tokyo gold exchange market

Tokyo gold market was established in 1982, and it is the only gold futures market officially approved by the Japanese government. Most of the members are Japanese companies. In the gold market, the purchase price is yen per gram, the purity of standard gold is 99.99%, the weight is 1 kg, and each transaction contract is 1 1,000 grams.

Singapore gold exchange market

Singapore Gold Institute was established in June 1978+0 1. At present, spot gold and five futures contracts of 2, 4, 6, 8 and 10 months are often traded. The standard gold is 100 ounce of 99.99% pure gold with stop loss limit.

Shanghai gold trading market

Shanghai Gold Exchange has been in operation since October 30th, 2002. It is a legal person established by the People's Bank of China with the approval of the State Council. It performs the functions stipulated in the Measures for the Administration of Gold Exchanges, organizes gold trading in accordance with the principles of openness, fairness, justice, honesty and credit, and is not for profit, and implements self-discipline management.