2. London gold refers to the trading products provided by the London International Financial Futures Exchange, which are 400 ounces of gold bricks with a purity of 99.5% stored in the underground vault of London. Loco-London gold trading is not a kind of gold, but a precious metal margin trading method with high trading risk.
3. London gold is priced in US dollars and measured in British ounces. Gold quotation is subject to Dow Jones international quotation, mainly based on the spot gold price in London market. One ounce is equal to 31.1035g. The daily trading price is the price of USD/oz of gold on that day. For example, the figure of 632.03 marked on the market is $632.03 per ounce of gold.
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