London gold trading rules:
1. 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 quotation is * * * USD/oz. For example, the market marked the figure of 582.30, which is $582.30 per ounce of gold.
2. Margin trading. For small and medium-sized investors, this is an opportunity to conduct large transactions with only a small amount of margin.
You can trade in both directions, and you can buy up or down. You can buy it or sell it first. Therefore, no matter how the price of gold fluctuates, investors always have room for profit.
3. Real-time trading. As long as you are in the global trading period, you can complete the transaction immediately. Because it is a market maker system, there is no problem of someone taking orders, unlike domestic stocks that will be stuck.
Extended data:
London gold market has a long history, and its development history can be traced back to more than 300 years ago. 1804, London replaced Amsterdam in the Netherlands as the world gold trading center. 19 19, the London gold market was formally established, and gold was priced twice every morning and afternoon. The gold market price of that day was set by the five major gold banks, which has been affecting the transactions between new york and Hongkong. The supplier of market gold is mainly South Africa.
Before 1982, the London gold market was mainly engaged in spot gold trading, and in April 1982, the London gold market opened. At present, London is still the largest gold market in the world.
One of the characteristics of London gold market is that the trading system is quite special, because there is no actual trading place in London, and its trading is completed through an invisible way-the sales contact network of major gold merchants.
Trading members are composed of five authoritative gold merchants and some companies or shops that are recognized as qualified to buy gold from the five gold merchants, and then by various processing factories, small and medium-sized shops and companies. At the time of trading, gold merchants quote their buying and selling prices according to their respective buying and selling prices.
Baidu Encyclopedia-London Gold Exchange Market