The New York gold market is currently the largest gold futures market in the world. Every year, two-thirds of gold futures contracts are traded in new york, but the transactions are full of moisture and speculation. The development history of the gold market in New York is short, but the development speed is quite fast. The daily trading volume reaches 30,000-40,000, and the turnover is about 70 tons of gold. 1980, the New York gold market traded 800 million ounces, about 25,000 tons of gold, while the world gold supply was only 1700 tons per year.