What is the difference between London Gold and New York Gold?

The difference between London Gold and New York Gold:

1. Different varieties: London Gold is a spot contract trading model, with a little difference, an indefinite contract, and an overnight interest will be generated. New York Gold is a futures contract trading model, with no spread, a term contract, and no overnight interest;
2. Different quotation mechanisms: London gold generally uses two-way quotations from market makers, and New York gold is a matching quotation mechanism. After entering the market at the specified price, it may not be possible to immediately make the order trade;
3. Different markets: There are basically spot contract centers around the world that can realize online London gold trading. The online trading and on-site delivery system created by the New York Gold Exchange for the New York Stock Exchange (COMEX) is limited to local gold in the United States. market;
4. Different trading codes: the trading code of gold futures is GLNC, while the trading code of spot gold is XAUUSD;
5. Different price fluctuations: the minimum price fluctuation of London gold is $0.01/oz, and the minimum price fluctuation of New York gold is $0.1/oz.

London gold is also known as spot gold or international gold. London gold is a trading product provided by London international financial futures trading. London gold is not a kind of gold, but a trading method of precious metal margin. Named after London. The United States is the global gold futures trading center. The gold futures varieties in the United States mainly refer to the gold futures varieties on the COMEX exchange, usually called “New York Gold”.

London Gold Investment Features:

1. Global wealth management products, with huge daily trading volume, there is no dealer in the London gold market, the market is standardized, the self-discipline is strong, and the transactions are fair and just;
2. The investment threshold is low, the operation is simple, and you can quickly start to open an account for investment with or without foundation;
3. The trading time is long and flexible. The trading time of London Gold is from 9:00 in the morning to 2:30 in the next morning. Generally speaking, the most active time for gold trading is the American session, which is roughly between 8 pm and 1 am the next day;
4. There are many profit opportunities, and there are many factors that affect the price trend of London gold, which provides many profit opportunities for London gold, and investors can find the best trading time in the price fluctuation.

In addition, high returns, fast settlement of funds, and safety of funds are all characteristics of London gold trading. However, London Gold is also a high-risk investment product, and investors should pay attention to avoiding risks.