Spot gold (also known as international spot gold and London 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 establishing trading platforms and conducting 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.
The international gold quotation unit is: US dollar / ounce
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International gold is an ex-date transaction, which means delivery within a few days after the transaction is completed. International gold is often called the world’s largest stock. There is no market maker in the international gold market, the market is regulated, the self-discipline is strong, and the laws and regulations are sound. So, how much is the international gold fee?
Strictly speaking, the transaction fee for one lot of international gold transactions is 0.5 spread + 50 USD commission. That is to say, the international gold handling fee for 1 point is 100 US dollars. The profit or loss of one point of gold fluctuation is 100 US dollars, and the one-lot transaction is also 100 US dollars including the spread and commission, that is to say, when you buy a long order for 1,500 US dollars. When the price reaches 1510, you will earn 10 pips, which is $1,000. After deducting the transaction fee of $100, your net profit is $900.