International gold is a spot transaction, which means delivery or delivery within a few days after the transaction is completed. Spot gold is an international investment product. It is an investment and wealth management project formed by various gold companies that establish trading platforms and conduct online trading transactions with market makers in the form of leverage ratios. Spot gold is often referred to as the world’s largest stock. Because of the huge daily trading volume of spot gold, the daily trading volume is about 20 trillion US dollars. Therefore, no consortium or institution can artificially control such a huge market, and it is completely dependent on the spontaneous adjustment of the market. There is no market maker in the spot gold market, the market is regulated, the self-discipline is strong, and the laws and regulations are sound.
International spot gold trading rules
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Quality grade: Refers to gold products with a purity of 99.99%, priced per ounce (31.1035 grams) and settled in US dollars.
Quantity: The transaction quantity is a multiple of 100 ounces (1 lot) of gold products.
Price: Based on real-time gold quotes from Dow Jones.
Handling Fee: Fixed USD 100 per lot.
Trading unit: 100 ounces/hand.
Margin trading: 1000 US dollars / lot.
Trading hours are: Monday to Thursday 7:00am–3:30am Every Friday 7:00am–2:30am.