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What is gold futures? Can you keep it simple? Belongs to people who don't understand.
(Gold futures) are futures, just as stock investment needs to open an account in a securities company, gold futures trading needs to be conducted in a futures company for futures account.

First of all, gold futures trading adopts a long-short two-way trading mechanism.

Secondly, gold futures trading meets the national standard GB/T4 134-2003, and the gold content is not less than 99.95%. In 2008, the Shanghai Stock Exchange stipulated that gold futures should be per lot1000g.

Thirdly, unlike T+ 1 trading in stock investment, gold futures are T+0 trading, that is, they can be sold on the day of purchase.