1. Spot gold with different delivery times can apply for delivery immediately after the transaction; Gold futures need to be delivered in a delivery month.

2. Gold spot with different trading hours is a continuous trading system with 22-hour (24-hour international gold market) continuous trading; There is a time limit for gold futures. The domestic gold futures trading hours are only 9: 00 am-11:30 and 1:30-3:00 pm.

3. Different risks Although the leverage ratio of gold spot is higher, the flexibility of gold spot is stronger than that of gold futures, and the risk control is more flexible. The reason is that the spot transaction is 22 hours, and the position can be closed at any time to lock the profit and loss. However, due to the limitation of trading time, there is a huge gap between the closing price of gold futures and the opening price of the next day, and the risk has undoubtedly increased a lot, which is well reflected in the chart.

4. Due to the influence of the international spot gold price, there is no possibility of controlling the village, and the information is more transparent and open, which depends entirely on the ability of investors to obtain income; The futures market is an internal market with insufficient trading volume. In addition, the government's many restrictions on the futures market have increased the possibility of inside information and provided an opportunity for bookmakers.

2. Similarities of spot futures:

1, margin trading Both gold spot and gold futures are margin trading, both of which are small and wide processes, and huge wealth has certain funds at its disposal.

2. T+0 trading gold spot and gold futures can be closed immediately after opening positions, so as to make maximum use of their own judgment on the market.

3. Two-way trading Both gold spot and gold futures can be operated in two directions, which can buy up and buy down, increase effective trading opportunities, and maximize the use of funds and wealth.