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What kind of exchange is the gold exchange?
Shanghai Gold Exchange is a legal person established by the People's Bank of China, registered with the State Administration for Industry and Commerce, which is not for profit and implements self-discipline management. Unlike the stock exchange.

The main participants in Shanghai Gold Exchange are mines, banks and banks. Some retail investors are also involved. The main trading variety is AUT+D, and general speculators do not participate in delivery. Its specific investment method is similar to futures, the only difference is that the deferred fee is paid (charged) before delivery.

If the explanation is still unclear, please refer to the website of Shanghai Gold Exchange: http://www.sge.sh/.

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