London and new york are the two largest gold trading markets in the world.
The operation of the gold market is similar to other investment markets and stock markets.
Gold is bought and sold every day, and its price is affected by the market economy.
At present, the most important gold markets in the world are London, Zurich, USA, China and Hongkong.
1. London gold market
London's gold market ranks first in the world.
1804, London replaced Amsterdam in the Netherlands as the world gold trading center, which has a history of more than 300 years. It is the largest spot gold market in the world today.
The biggest feature of London's gold market is that there is no fixed exchange, and it can be traded anytime and anywhere. Its trading is done through an invisible way-the sales contact network of major gold merchants.
2. Zurich Gold Market
Zurich gold market is an international gold market developed after World War II.
Zurich gold market has no formal organizational structure, and is composed of three major Swiss banks: UBS, Credit Suisse and UBS.
Swiss gold market is based on Swiss private banking system and auxiliary gold service system, which provides a free and confidential environment for gold business. At the same time, Switzerland has a preferential agreement with South Africa to get 80% of South African gold.
Most of the gold from South Africa, the Soviet Union and the Eastern Group countries is traded with the West through the Zurich gold market, and Switzerland has become the largest transit point for new gold in the world.
Zurich gold market, based on private investment transactions and combined with private banking, is the world's largest private gold storage center, as well as the world's largest gold coin market and private investment market.
3. American gold market
The American gold market developed in the mid-1970s.
The American gold market includes the New York Mercantile Exchange and Chicago Mercantile Exchange, which are not only the gold futures trading centers in the United States, but also the largest gold futures trading centers in the world. Moreover, the two major exchanges have a great influence on the price of gold in the spot gold market.
Take new york as an example. In new york, there is no real gold market for gold futures trading. The gold market belongs to NYSE, and gold is just one of the commodities of NYSE.
The New York Mercantile Exchange itself does not participate in futures trading, but only provides places and facilities for traders, and has formulated some laws and regulations to ensure that both parties to the transaction conduct transactions under the premise of fairness and reasonableness.
4. China Hongkong Gold Market
The gold market in Hong Kong has a history of more than 100 years. It consists of Hong Kong gold and silver exchange market, Hong Kong London gold market and Hong Kong gold futures market, and its formation is marked by the establishment of Hong Kong gold and silver exchange market.
(1) The gold and silver trading market in Hong Kong has a fixed trading place. The main trading specifications of gold are five 99 standard gold bars, and the trading methods are open bidding and spot trading; (2) The London gold trading market in Hong Kong is a market for foreign investors, that is, "trading in Hong Kong and delivery in London", and there is no fixed trading place; (3) The Hong Kong gold futures market is a regular market, and its nature is the same as that of new york and Chicago Commodity Futures Exchanges.
In addition to the above four major markets, there are some influential gold markets such as Mumbai, Tokyo and Singapore.
The general international market has no special preference for gold, and "999 gold" is the main trading variety.
Investors in the Asia-Pacific market like "pure gold" because of folk customs and traditions, so they often have "9999 gold" transactions, such as Shanghai and Tokyo.