London is the world's major gold trading and settlement center, and also the largest and oldest gold market in the world. London gold market belongs to spot gold trading market. The biggest feature is that there is no fixed exchange, but an invisible market connected by the sales network of major gold merchants. London gold trading is mainly done through the over-the-counter trading form-electronic trading system, which can be bought and sold anytime and anywhere.
Because investors don't need to extract physical gold, the steps of transportation, storage, inspection and appraisal are omitted, which greatly reduces the investment cost. Coupled with highly leveraged margin trading, London gold trading has become the most popular gold investment method in the market.