Which is higher, gold or futures?
There is no comparability. By June 23, 2022, the gold recovery price was 358.00 yuan/gram, and the gold purity was over 99.0%. Futures, whose English name is futures, is completely different from spot. Spot is actually a tradable commodity. Futures are mainly not commodities, but standardized tradable contracts with some bulk products such as cotton, soybeans and oil and financial assets such as stocks and bonds as the targets. Therefore, the subject matter can be commodities (such as gold, crude oil and agricultural products) or financial instruments.