Gold futures is a variety listed on the Shanghai Futures Exchange: the margin ratio of the exchange is 8%, and the first hand is about 29,800 yuan. The daily price increase and decrease is limited to 6% of the settlement price of the previous trading day.

Extended data:

Gold futures are also called "gold futures contracts". Futures contracts with gold as the trading object. Like general futures contracts, gold futures contracts also include trading unit, quality grade, term, final maturity date, quotation method, delivery method, minimum price change range, daily price change limit and so on. Gold futures are futures, just as stock investment needs to open an account in a securities company, so gold futures trading also needs to open an account in a futures company.

First of all, gold futures trading adopts a long-short two-way trading mechanism.

Secondly, gold futures trading meets the national standard GB/T4 134-2003, and the gold content is not less than 99.95%. In 2008, the Shanghai Stock Exchange stipulated that gold futures should be per lot1000g.

Thirdly, unlike T+ 1 trading in stock investment, gold futures are T+0 trading, that is, they can be sold on the day of purchase. No investment or financial management is guaranteed. Like stocks, gold trading has risks. So it is very important to learn basic knowledge.

The most basic part of the gold market, in which the suppliers are mainly gold mines and gold smelting enterprises, and the demanders are mainly gold products manufacturers and jewelers.

Gold reserve is also the formulation and implementation institution of monetary policy and an important force affecting the gold market. When the central bank needs to increase its gold reserves, it is an important demander of the gold market, and when the central bank wants to reduce its gold reserves, it is also an important supplier of the gold market. Central banks in major western countries generally mainly sell gold, while R is engaged in "lending gold business", and more often appears as a supplier.

Commercial banks: Commercial banks have multiple identities in the gold market. The gold business of commercial banks is very complicated. Some of their businesses are to carry out the gold business of the central bank, and some are to carry out the gold business on behalf of customers. From this point of view, commercial banks are important intermediaries in the gold market, and their agency business covers both gold wholesale and gold retail. On the other hand, commercial banks also have some gold self-operated businesses, and they also have the identity of gold self-dealers.

Financial investment instruments are also an indispensable and important investment variety in investors' investment portfolio. There are a lot of gold investors in the world, including institutional investors and individual investors. The most important funds among institutional investors include the following two categories:

Traditional funds: refer to traditional commodity funds and hedge funds.

Exchange traded gold fund (ETFS): This is a new fund in the securities market in recent years. The fund issues fund shares in the securities market, and then invests the funds raised by the fund in gold. Usually, each fund unit is equal to 65,438+0/65,438+00 ounces of gold.