Trading time: outcry trading is from 08:20 to13: 30 on the same day; After-hours electronic trading is from Monday to Thursday: 14:00 to 08: 00 the next day; Friday: from 14:00 to17:15; Sunday: 18:00 to 08:00 the next day.
Transaction month: in the next two calendar months, 10 in all February, April and August, 23 months, and 12 months in all June and 60 months. Minimum price fluctuation: 0. 10 USD/oz, that is, 10 USD/lot.
Last trading day: the third trading day before the last working day of each month, and the delivery period: from the first working day to the last working day of the delivery month.
The American gold market is a kind of gold trading market controlled by American regulators, and it is a kind of savings for gold by American savings structure. It is the largest gold trading market.
Regulatory features: the Federal Reserve negotiates with the Ministry of Finance to jointly manage the currency reserve gold. The US Commodity Futures Trading Commission manages the gold market together with futures exchanges and futures associations according to the legislation of the US Congress.
Its management mode is formed through legislative management, that is, through the formulation, revision and promulgation of relevant laws and regulations to manage gold reserves and gold trading market. Then supporting administrative management, that is, relying on relevant government authorized departments, functional institutions or local governments for management. In practice, it is based on market principles, focusing on industry self-discipline management and implementing market-oriented management.
The gold in the US currency reserves managed by the Federal Reserve and the Ministry of Finance is 865,438+035 tons (data at the end of June 2006), accounting for 75% of the total foreign exchange reserves in the United States. The gold in the US currency reserves has been frozen for many years, that is, it has not increased but decreased.
The United States has spot and futures gold trading, which is the largest gold futures trading market in the world, mainly concentrated in the five major exchanges of new york, Chicago, Detroit, Buffalo and San Francisco, among which new york and Chicago have the greatest influence, but the real gold trading volume in the United States is lower than that in Asia and Europe. The United States is a global gold futures trading center, which is a typical feature different from other gold markets.
The gold manufacturing industry in the United States is mainly used in jewelry, electronics industry, dentistry and gold coins. The data of 200 1 year are: 65438 tons of K gold jewelry, 0/4 tons of dental gold, 8.3 tons of industrial gold and 23 1.7 tons of others. This kind of commodity gold enters the market after producing products through the gold manufacturing industry. Under the self-discipline management of the relevant commodity sector associations, it operates according to the rules of commodity operation and conducts transactions through exchanges.
The gold industry has been fully developed since the United States officially liberalized the gold control from 65438 to 0974. Whether it is gold mine production or gold investment. Gold exchange and gold manufacturing are both open and free-running market systems. On behalf of government departments, the Federal Reserve exercises the central bank management function, which is mainly responsible for the management and operation of reserve currency gold, international cooperation and international settlement and payment. The specific decision should be made in consultation with the US Treasury.