For example, in the gold T+D account opened by investors in the bank, the transaction rate is 15, and the deferred rate is eight ten thousandths. When the gold T+D price is 400, investors buy one hand and sell it at 420, and the settlement price of gold on that day is also 420. Then the transaction cost incurred by investors = (400+420) ×1000×1510000×1=1230 yuan, and the delay fee =1000×.
Among them, the delay fee is the financing cost of funds or gold objects generated by customers' delay in delivery, and the payment direction of the delay fee is determined according to the comparison of the number of delivery declarations. When the declared amount of delivery is less than the declared amount of receipt, the short seller pays the extension fee to the long seller; When the declared delivery quantity is greater than the declared receipt quantity, the bulls pay the extension fee to the bears; When the declared delivery quantity is equal to the declared receipt quantity, there will be no deferred payment.
Gold (English: Gold) is a chemical element with chemical symbol Au (from Latin: Aurum) and atomic number 79. Pure gold is a kind of metal with bright luster, reddish yellow, soft texture, high density and ductility. It is a rarer, more precious and more valuable metal. It is not only a special currency for reserve and investment, but also an important material for jewelry industry, electronics industry, modern communication, aerospace industry and other departments.
history
/kloc-before the 0/9th century, the level of gold productivity in human society was very low. Some people think that in the thousands of years before19th century, the total amount of gold produced by human beings was less than 10000 tons, for example, it was only 200 tons in18th century.
Due to the discovery of a series of gold resources in the19th century, the gold output has greatly increased since then, especially in the 50 years in the second half of the19th century, which exceeded the sum of the previous 5,000 years. In 20 13 years, the global total gold output is about 2770 tons.
According to the analysis report of China Gold Industry Market Prospect and Investment Strategic Planning, from April 20 13 to the middle of 20 15, the international gold price has been in a downturn after a sharp drop.
Judging from the global economic situation, the world economic growth rate may pick up slightly in 20 15, but the overall recovery is weak. The volatility of international financial markets and commodity markets has intensified, and non-economic factors such as geopolitics have a greater impact, and there are still many uncertain factors. With the strengthening of the US dollar, the prices of commodities such as gold, non-ferrous metals and oil are all running at a low level at 20 15, and the low price of gold may become the "new normal" in the next few years.
Chinese market
There are ten futures contracts listed and traded in Shanghai Futures Exchange, including gold, silver, copper, aluminum, zinc, lead, rebar, wire rod, fuel oil and natural rubber.
The goal is to become the main futures market in the Asia-Pacific time zone, which is dominated by commodities such as basic metals, precious metals, energy, chemicals, etc., and give full play to the functions of the futures market to find prices and avoid risks, so as to serve the development of the national economy. Trading time: 9: 00 a.m.-165438+0: 30 p.m. and13: 30 p.m.-15: 00 p.m. On the occasion of 3 15, China Gold announced the latest inquiry method for quality supervision of gold products. Consumers can check the authenticity by scanning the QR code and querying the database of relevant national institutions.