Simply put, the spread is the price difference between the buying price and the selling price. In short, the lower the spread, the lower the cost. Take spot gold as an example. The difference of 0.5 between the buying price 1800.50 and the selling price 1800.00 is the opening cost. At present, the gold spread of most platforms is 0.5 USD/oz. The spread of primary gold (100 oz) is 0.5x 100=50 USD/oz.

Narrowing the spread can reduce the cost.

The price difference is lower than the final trading result of investors, which has certain influence. This is because many investors are mainly short-term trading when doing gold trading. The spread fee is related to the spread. The bigger the spread, the higher the spread cost when the number of transactions is fixed. The gold and silver trading of Giant Elephant Gold Industry is rewarded with $26 per hand, and there is also a gift for new customers. The principal is 200%, and the total reward for activities is as high as $3/kloc-0, which reduces the transaction cost by 62%!