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What is the difference between the foreign exchange gold market and the domestic gold market?
There are two main trading places in the domestic gold market:

1, Shanghai Gold Exchange; 2. Shanghai Free Trade Zone Electronic Disk Continuous Quotation Gold Exchange under construction.

The main function of Shanghai Gold Exchange is to provide customers with physical and futures transactions.

The main function of electronic disk continuous quotation gold trading under construction in free trade zone is to provide spot foreign exchange gold trading.

People often say that the foreign exchange gold market refers to the dollar-denominated precious metals/dollar currency pair transactions in the foreign exchange market in the international market.

Difference:

1, the trading mechanism is different, and the domestic physical and futures models are different; Foreign exchange is an electronic quotation.

2. The trading hours in China are different from Monday to Friday.

08: 50 am-11:30 am

Noon 13:30- 15:30

20: 50-02: 30 p.m.

, bidding at 08: 50 am on Monday, trading on Monday night is included in the next day, and so on, trading on Thursday night is included in Friday, and it is closed on holidays; Foreign exchange is traded 24 hours a day.

3. Trading margin is different.

4. The fund custodian bank is different.

5. Different regulatory agencies

6. Different account opening procedures.