Currently, domestic gold futures trading hours are four hours, and the gold T+D trading hours of the Shanghai Gold Exchange are 9:00-11:30 in the morning, 13:30-15:30 in the afternoon, and 21:00 in the evening. 00-2:30.
The current Chicago Mercantile Exchange (COMEX) has settled together with the New York Mercantile Exchange (NYMEX). Therefore, the current formal international gold futures are called "New York gold futures". It opens at 6:00 on Monday and closes from 5:15 to 6:00 every day except on weekends. Trading is conducted 24 hours a day.
Gold futures trading hours
1. The market is generally light from 5 to 14 o'clock in the morning. This is mainly due to the smaller driving force of the Asian market! Generally, the amplitude of the shock is small and there is no obvious direction. Most of them are adjustments and callbacks. Generally, the trend is opposite to the direction of the day. For example, if the trend of the day is rising, this period of time will mostly be a slight fluctuation. During this period, if the price is right, you can purchase it appropriately.
2. 14:00-18:00 is the European morning market. Funds will increase after Europe starts trading, and this period will also be accompanied by the release of some influential data on European currencies! During this period, if the price is right, you can purchase it appropriately.
3. 18-20 o'clock in the evening is the noon break in Europe and the early morning in the American market, which is relatively light! This period is Europe's lunch break and the eve of waiting for the start of the United States. It is advisable to wait and see during this period.
4. 20:00-24:00 is the afternoon trading of the European market and the morning trading of the American market! This period is the time when the market fluctuates the most, and it is also the time when the amount of funds and the number of participants is the largest. During this period, you will act completely in the direction of the day, so judging this market situation must be based on the general trend. This period is a good time to ship.
5. From 24:00 to early morning, it is the afternoon trading in the United States. Generally, a larger market has emerged at this time. This period of time is mostly a technical adjustment to the previous market. It is advisable to wait and see. In April 2013, night trading will be launched in China, and the trading hours will be 9:00-02:30 (early morning).
Gold futures (gold futures) are also called "gold futures contracts". Futures contracts that trade in gold. Like general futures contracts, gold futures contracts also contain the trading unit, quality grade, term, final expiration date, quotation method, delivery method, minimum price change, daily price change limit, etc. Gold futures contracts are generally divided into two specifications based on different measurement units. Taking the Chicago Grain Exchange as an example, one is a gold futures weighing 1,000 grams and has a purity of 99.5%, and the other is a gold futures weighing 100 troy ounces. Gold futures with a purity of 99.5%.
The most basic component of the gold market, the suppliers are mainly gold mines and gold smelting companies, and the demanders are mainly gold product manufacturers, jewelers, etc.
The gold reserve is also the formulation and execution agency of monetary policy and an important force affecting the gold market. When the central bank needs to increase gold reserves, it is an important demander in the gold market; when the central bank wants to reduce gold reserves, it is an important supplier in the gold market. Central banks in major Western countries generally focus on selling gold, while R is engaged in "gold lending business" and appears more as a supplier.
Commercial banks: Commercial banks have multiple identities in the gold market. The gold business of commercial banks is very complex. Some of its businesses are to carry out central bank gold business, and some are to carry out gold business on behalf of customers. From this perspective, commercial banks are important intermediaries in the gold market, and their agency business covers both the gold wholesale link and the gold retail link. On the other hand, commercial banks also have some self-operated gold business and have the status of gold dealers.
Financial investment tools are also an indispensable and important investment type in investors’ investment portfolios. There are a large number of gold investor groups around the world, including institutional investors and individual investors. The most important funds among institutional investors include the following two categories:
① Traditional funds: refers to traditional commodity funds and hedge funds.
② Exchange-traded gold fund (ETFS): This is a new securities market fund that has emerged in recent years. This fund issues fund shares in the securities market and then uses the funds raised by the fund to invest. For gold investments, each fund unit is usually equal to 1/10 of an ounce of gold.
Gold market intermediaries: such as gold exchanges, agents, brokers, market makers, etc. Intermediaries play the role of organizing transactions, serving investors, and communicating with all parties involved in the market. They play a vital role in active market transactions. Only the summer solstice can play the role of gold market.
It can be seen from the composition of the gold market that the global gold supply mainly consists of three parts: first, mine-produced gold, which is the new gold in the world; second, central bank gold sales, that is, gold sold by various countries The part of reserves flowing to the market: The third is recycled gold, which refers to the part of gold (mainly jewelry) held by consumers that becomes currency.
The demand for gold mainly consists of two parts: one is gold processing and industrial Sichuan gold, that is, the actual consumption part; the other is gold investment demand, including the central bank’s increase in gold reserves and the investment demand of institutional and individual investors. . Trading plays an important role in functioning the gold market.