American gold is represented by the New York Mercantile Exchange (COMEX) and the Chicago Mercantile Exchange (IMM). The gold market is actually based on a typical futures market, and its transactions are similar to those in the United States. Other commodities traded on the market. As a non-profit institution, the futures exchange itself does not participate in transactions. It only provides venues and equipment for transactions. It also formulates relevant regulations to ensure that transactions are conducted fairly and impartially and strictly monitors transactions.

The gold markets in New York and Chicago were developed in the mid-1970s. The main reason was that after 1977, the U.S. dollar depreciated and Americans (mainly corporate groups) wanted to hedge and increase investment value. Profits have led to the rapid development of gold futures. Currently, the New York Mercantile Exchange (COMEX) and the Chicago Mercantile Exchange (IMM) are the world's largest gold futures trading centers. The two major exchanges have a great influence on the price of gold in the gold spot market.

Take the New York Mercantile Exchange (COMEX) as an example. The exchange itself does not participate in the trading of futures. It only provides a place and facilities and has formulated some regulations to ensure that both parties to the transaction proceed on a fair and reasonable basis. trade. The exchange has extremely detailed and complex descriptions of the weight, fineness, shape, upper and lower limits of price fluctuations, trading dates, trading hours, etc. of gold for spot and futures trading. COMEX gold is one of the representative trading products on the New York Stock Exchange.