The spread is the difference between buying and selling. When gold merchants and banks quote gold prices , the bid price quoted will be lower and the ask price will be higher, and the difference between them is their profit. At present, the international gold spread is 0.5 US dollars / ounce.
In addition, there is a spread, which is for brokers. When brokers charge transaction commissions, they are not charged according to a fixed amount but according to the number of transactions, such as 1 yuan per gram. Different companies and different brokers have different international gold spreads.
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Like forex trading, there are spreads in gold trading . However, there are two forms of spreads in gold trading:
The first is for gold market makers. Usually gold market makers will quote the buying price and the selling price to the participants in the market, and the buying price and the selling price are different from the gold price in the international market. The difference with the gold price in the international market is Spread. Gold market makers must unconditionally buy gold that other market participants want to sell at the bid price quoted by themselves, and must sell gold at the quoted ask price to buyers who want to buy gold at this price .
There is also a spread for brokers. When brokers charge transaction commissions, they are not charged according to a fixed amount but according to the number of transactions, such as 1 yuan per gram.