Whether it is American gold or domestic futures gold, the products that are traded first belong to futures products, and futures products will be delivered at maturity. For example, if you buy a 12 contract, it means that the product will expire in 65438+February, and you must close your position. If you buy more orders, you must sell them flat, and if you buy short orders, you must buy them flat.

Usually, traders use delivery transactions. Take domestic futures as an example. Each product has its own delivery warehouse. If you don't want to close your position at maturity, you can choose to make up the balance in exchange for products.

I hope it works for you. .