What are the gold spot trading markets?

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 conducted in an invisible way-the sales network of the main members of the gold merchant trade consists of five most authoritative gold merchants and some companies or shops recognized as qualified to buy gold from five gold merchants, and then consists of various processing factories, small and medium-sized shops and companies. When trading, the gold merchants will quote the buying price and selling price according to their respective buying price and selling price.

2. Zurich Gold Exchange Market

Zurich gold market is an international gold market developed after World War II. Switzerland's special banking system and auxiliary gold trading service system provide a free and confidential environment for gold trading. In addition, Switzerland and South Africa also have preferential agreements. 80% of South Africa's gold is obtained here, and the gold of the former Soviet Union is also gathered here. Switzerland is not only the largest gold transit station in the world, but also the largest private gold warehouse in the world. In the international gold market, Zurich gold market is second only to London.

3. American gold exchange market

The markets of new york, Chicago and gold developed in the mid-1970s, mainly because the dollar depreciated after 1977. Americans (mainly legal persons) make profits through hedging and investment appreciation, which makes gold futures develop rapidly. At present, the New York Mercantile Exchange (COMEX) and Chicago Mercantile Exchange (IMM) are the largest futures and gold trading centers, and these two exchanges have great influence on the gold price in the spot gold market.

4. Hong Kong Gold Exchange Market

The gold market in Hong Kong has a history of over 90 years. The symbol of its formation is the establishment of chinese gold and silver exchange society. 1974, the Hong Kong government lifted the control on the import and export of gold. Since then, the gold market and Hong Kong have developed rapidly. As the time difference between Hong Kong and the gold market just fills the gap between new york and Chicago before the London market was closed and opened, it can connect Asia, Europe and the United States to form a complete world market. Superior geographical conditions have attracted European gold merchants, five London gold merchants and three Swiss banks to set up branches in Hong Kong. They brought the gold trading activities settled in London to Hong Kong and gradually formed an invisible place.

In the course of more than 100 years' development, the organization and scale of China Gold and Silver Exchange have been expanding. At present, a permanent foundation has been established, making it the only gold trading place in Hong Kong. China Gold and Silver Trade Fair Association implements the membership management system, among which AA members are higher-level members in the trade field, ranking first in brand strength and popularity among investors.

5. Shanghai Gold Exchange

Besides Hongkong, there is also the Shanghai Gold Exchange in Chinese mainland. Shanghai Stock Exchange is a non-profit gold exchange established by the People's Bank of China with the approval of the State Council.

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