The United States is the global gold futures trading center, and the gold futures varieties in the United States mainly refer to the gold futures varieties of COMEX Exchange, which are usually called "new york Gold". "new york Gold" can be traded on the member platform registered by the Commodity Futures Trading Commission (CFTC). For CFTC members, please visit CFTC's website. However, the trading of "London gold" is well known in Asia and even China.
Let's take a look at the difference between London gold and New York gold. The difference between London gold and New York gold can be mainly divided from the following aspects:
1, Loco London gold is spot gold, with interest spread, indefinite contract and overnight interest; New york gold is ComexGold, with no price difference, fixed-term contract and no overnight interest.
2. The lowest price fluctuation of gold in London is 0.0 1 USD/oz, and the lowest price fluctuation of gold in new york is 0. 1 USD/oz.
3. There is no delivery period for London gold, while the delivery period for New York gold is from the first working day to the last working day of the delivery month.
Both are not traded goods, there must be a difference, and the quotation is different. However, the trend is the same, and London gold trading should be more flexible.