What are Tokyo Gold, Singapore Gold, Hong Kong Gold, US Gold, and London Gold?
Tokyo Gold The Tokyo Gold Market was established in 1982 and is the only gold futures market officially approved by the Japanese government. Most of the members are Japanese companies. The gold market is priced at kr. per gram, the standard gold is 99.99%, the weight is 1 kilogram, and the contract for each transaction is 1000 grams. Singapore Gold Singapore Gold was established in November 1978. It currently operates 5 spot futures contracts with gold spot and 2, 4, 6, 8 and 10 months. The standard gold is 100 ounces of 99.99% pure gold with a stop limit. Hong Kong Gold The Hong Kong gold market has a history of more than 90 years. Its formation is marked by the establishment of the Hong Kong gold and silver trading market. In 1974, the Hong Kong government withdrew its control over the import and export of gold. Since then, the Hong Kong gold market has developed extremely fast. As the Hong Kong gold market just fills the gap between New York and Chicago, and the market before the opening of London, it can cohere Asia, Europe and the United States to form a complete world gold market. Its superior geographical conditions have attracted the attention of European gold merchants. The top five gold merchants in London and the three major banks in Switzerland have come to Hong Kong to set up branches. They brought the gold trading activities in London to Hong Kong and gradually formed an invisible local London gold market, making Hong Kong one of the world's major gold markets. Currently, the Hong Kong gold market consists of three markets: 1. Hong Kong gold and silver trade market, with Chinese capital merchants predominating, there are fixed trading places, the main trading gold specification is 99 standard gold bars, the trading method is open outcry, spot trading 2, London gold market, with foreign capitalists as the main body, there is no fixed trading place 3. The gold futures market is a formal market with the same nature as the gold futures of the US and New York and Chicago commodity futures exchanges. The trading method is formal and the system is relatively sound, which can make up for the shortage of the gold and silver trading market. American Gold The gold market in New York and Chicago was developed in the mid-1970s. The main reason was that after 1977, the US dollar depreciated. Americans (mainly based on corporate bodies) profited from hedging and investment appreciation, making gold futures rapid. Developed. The New York Mercantile Exchange (COMEX) and the Chicago Mercantile Exchange (IMM) are currently the world's largest gold futures trading centers. The two exchanges have a great influence on the gold price of the gold spot market. Take the New York Mercantile Exchange (COMEX) as an example. The exchange itself does not participate in the trading of futures. It only provides a place and facilities, and has some regulations to ensure that the parties to the transaction conduct transactions on a fair and reasonable basis. The Institute has extremely detailed and complex descriptions of the weight, color, shape, price fluctuations, trading dates, trading hours, etc. of gold for spot and futures trading. London Gold The London gold market has a long history and its history can be traced back more than 300 years. In 1804, London replaced Amsterdam, the Netherlands, as the center of the world's gold trading. In 1919, the London gold market was formally established, with two gold pricing in the morning and afternoon. The gold market price of the day was set by the five major gold banks, which has been affecting transactions in New York and Hong Kong. The market gold supplier is mainly South Africa. Before 1982, the London gold market mainly operated gold spot trading. In April 1982, the London futures gold market opened. Currently, London is still the largest gold market in the world. One of the characteristics of the London gold market is that the trading system is special, because there is no actual trading venue in London, and the transaction is done through the invisible way - the sales network of the major gold merchants. The trading members are composed of the most authoritative five gold merchants and some companies or stores that are considered to be eligible to purchase gold from the top five gold merchants, and then consist of chains of various processing manufacturers, small and medium-sized stores and companies. At the time of the transaction, the gold merchants quoted the bid and offer prices based on their respective purchases and sales. Another feature of the London gold market trading is its flexibility. The purity and weight of gold can be selected. If the customer requests to sell in a remote area, the gold merchant will also report the freight and premium, etc., and can also quote the futures price according to the customer's request. The most popular way to buy and sell London gold is that customers can buy gold spot without cash settlement, and they only need to pay interest at the agreed interest rate, but customers can't get physical gold at this time. This kind of gold trading method is only to carry out digital games on the accounting books until the customer performs the opposite operation to close the position. There are also a number of deficiencies in the special trading system of the London gold market. First of all: Since the prices of various gold business newspapers are all real prices, sometimes the price of gold in the market is rather chaotic. Even the gold merchants do not know which price is reasonable. They have to stop the quotation and the sale of London gold will stop. The second is Customers in the London market are absolutely confidential and therefore lack a valid gold trading position statistics. Man Or Women Gloves,Cashmere Mittens,Camel Hair Gloves Reddit,Wool Gloves For Winter BAOTOU TONGHEXING CASHMERE PRODUCTS CO.,LTD , https://www.cashmeregorgeous.com
