international gold spot is also called London gold, which is not a name of gold, but a name of gold trading mode. Named after it originated in London.

London gold market is not a real trading place, but an invisible market connected by the sales network of major gold merchants.

London gold trading is often called European gold trading. Represented by London Gold Exchange Market and Zurich Gold Market. Investors' trading records are only reflected in the "gold passbook account" opened by individuals in advance, and there is no need to withdraw physical gold, thus eliminating the steps of transportation, storage, inspection and identification of gold, and the difference between the buying price and the selling price is smaller than the difference between the buying and selling prices of physical gold. There is no fixed place for this kind of gold trading. In the London gold market, the whole market is composed of the interconnection between major gold merchants and subordinate companies, and transactions are made by telephone and telex between gold merchants and customers. In Zurich gold market, the three major banks buy and sell for customers and are responsible for settlement.

gold pricing mechanism in London gold market

gold pricing in London is carried out in the "Gold Room". The so-called "golden house" is not a house built with gold. But an office dedicated to trading gold at the corporate headquarters in Lochiel. From September 12, 1919, representatives of the five major gold banks in London met at the "Golden House" for the first time, and the London gold market pricing system was formed. This system has continued until today when the five major gold banks set gold prices twice a day, at 1: 3 am and 3 pm respectively. At this time, the gold merchants will suspend the quotation first, and the chief representative of Lochiel Company will set an appropriate opening price according to the price of the New York gold market after the London market closed the night before and the price of the Hong Kong gold market that morning. Representatives of the other four companies sat around the "Golden House" and immediately reported the opening price to the trading rooms of their respective companies. The trading rooms of each company immediately traded according to this price, and told their customers the latest gold price by telephone or telex, and presented the price to the computer system terminals of their trading rooms through Reuters. When each representative receives the order business, he will add all the transaction orders together to see whether it is to buy more or sell more, or whether the sale and purchase are balanced, and then tell the data information to the chief representative of Lochiel Company in simple jargon to adjust the price. If the opening price is too high and there is no buyer in the market, the chief representative will lower the price of gold; If the opening price is too low, it will raise the price of gold until there is a seller. Pricing transactions set new prices based on such a relationship between supply and demand. The final price of pricing is the transaction price. The length of pricing depends on the supply and demand of the market, ranging from less than 15 minutes to about 1 hour. After that, the new price will soon be passed on to traders all over the world.

At present, the five pricing banks in the London Stock Exchange are:

1, Deutsche Bank

2, Hongkong and Shanghai Banking Corporation Limited-Mitterrand Bank (HSBC)

3, Rothschild Investment Bank

4, United States * * * and Bank

5, Maple Leaf Bank of Canada

The top five gold merchants in London.

London gold trading rules:

1. London gold is priced in US dollars and measured in English ounces. Gold quotation is subject to Dow Jones International quotation, mainly based on the spot gold price in London market. One ounce is 31.16 grams. The daily rate is * * * USD /1 ounce of gold. For example, the market marked the figure of 632.3/, which is $632.3 per ounce of gold. 2. The minimum trading volume of Loco-London gold is one hand/sheet/order. One hand is equal to 1 ounces. It is equal to about three kilograms of gold.

3. Margin trading. Only pay a small amount of margin, you can conduct large transactions. The amount of funds is about 1 times. It is an opportunity for small and medium investors. The minimum deposit required by North Company is HK$ 1,.

4. intraday trading. You can trade on the day you open an account, and you can trade many times. T

5. Two-way trading is possible. You can buy up or down. You can buy or sell first. Therefore, no matter how the price of gold moves, investors always have room for profit.

6. Instant trading. As long as the price is in the market, the transaction can be completed immediately. There is no question of whether someone takes the order. Don't worry about not buying it, and don't worry about not selling it.

7. Gold trading can set its own safety line, that is, it can set its own stop-loss point and stop-win point when presenting documents. Therefore, in practice, the risk of gold trading can be reduced to less than 1% per day. That is, less than the maximum daily decline of stocks. At the same time, because there is no daily limit for gold trading, the daily increase rate of gold trading can be greater than 1%. It is not uncommon for the daily increase to reach 1%.

Therefore, the daily increase rate of gold trading can be greater than 1%. It is not uncommon for the daily increase to reach 1%.

Characteristics of loco-London gold investment:

First, the largest stock in the world. This kind of gold is being speculated all over the world, and the trading volume of gold is huge, with a daily trading volume of about 2 trillion US dollars. Therefore, no consortium or institution can manipulate such a huge market artificially, and it depends entirely on the spontaneous adjustment of the market. There is no banker in the gold market. Standardized market, strong self-discipline and sound laws and regulations.

second, there is no need to choose stocks, and the operation is simple: you can have a foundation or not, that is, you can read it immediately.

third, the trading service time is long: the gold trading time is from 9 am to 2: 3 am the next day. Asian trading hours are from 9 am to 4 pm, European trading hours are from 4 pm to 8: 3 pm, and American trading hours are from 8: 3 pm to 2: 3 am the next day. Generally speaking, the most active time for gold trading is the American market, which is roughly between 8 pm and 1 am the next day.

iv. the price of gold fluctuates greatly: quote according to the international gold market and international practice. Due to various international political and economic factors, as well as the impact of various emergencies, gold prices are often in violent fluctuations.

there is no bull market or bear market in the gold market. No matter whether the price of gold rises or falls, it is an opportunity for investors. The gold market pays attention to the market. The market is the gap, or volatility, of the daily market. That is, the difference between the highest price and the lowest price in the market. Where there is a price difference, there is a market. The bigger the price difference, the better the market. Specifically: when the price difference is less than .4%, the market is poor. The market is good when it reaches 1%, and it is quite good when it reaches 2%. Now it has reached 3%, so it is a good time to invest in gold.

five, there are risks and more opportunities. If you gamble often, you will lose, and if you major, you will win.

6. Short settlement time of funds: cumulative transactions can be conducted on the same day, so as to increase the ratio of investment funds and increase the probability of return on investment.

VII. Online trading, convenient trading: the first electronic trading platform for spot gold in Southeast Asia

VIII. Capital security: only switching between banks.