Hello, the spot gold is T+0, and it is bought and sold immediately. Generally, it is a market maker transaction, not a futures transaction. However, the pricing of spot gold comes from the futures gold market, and futures gold is a matchmaking transaction, so the futures gold transaction with relatively large contracts still has an impact on the spot gold price.

If it helps, I hope to adopt it! For more information, welcome Baidu to consult "Faith Becomes Gold".