Where is the world s most traded gold market?

Updated on Financial 2024-05-06
10 answers
  1. Anonymous users2024-02-09

    New York is the world's largest financial center.

    After the United States lifted the ban on private ownership in December 1974, the New York market began to flourish. New York is home to the U.S. Treasury and the International Monetary Organization's auctions, so it has a unique position in the international market. Unlike London and Zurich, the New York gold market is dominated by ** trading.

    The New York Mercantile Exchange has become the world's largest **** trading center.

    If you have related questions, you can consult Hong Kong Xinsheng Gold Group****, which is a member of the AA class of Hong Kong gold and silver industry, and the member number: 081. It is mainly engaged in spot**, spot**, platinum, palladium contract trading and other *** business.

    Since its establishment, Xinsheng Gold has been adhering to the "customer first, integrity-based" business philosophy, vigorously expand the world's leading business, and is committed to the construction of a networked electronic trading platform, professional, dedicated, standardized operation so that Xinsheng has won a high degree of trust from customers, but also has received extensive attention and strong support from the industry.

  2. Anonymous users2024-02-08

    The **** of the world is different. Translates to the local gold price will vary.

    Spot **** is globally unified, generally based on London gold. However, because the exchange rate of each country is different, the price of gold in the local area will be different.

    Is it unifying about the **** of the gold store?

    This is not unified, the **** of the gold store is mainly composed of gold **, brand premium, labor costs, etc., but the gold ** is the same, and the other costs are not the same, so we can also see that the **** of the big brand will be dozens of yuan a gram higher than the **** of the small gold store.

    Is it unified?

    This is not uniform, because the handling fee charged by each ** merchant is different, generally in 5 yuan to 30 yuan.

  3. Anonymous users2024-02-07

    1. London: The London market in the United Kingdom is the oldest trading market in the world, with a history of nearly 300 years. Before 1968, it was in South Africa.

    ** Acquisition and ** Reserves.

    are in a monopoly position. But in 1968, London Gold.

    The temporary closure of the city gave the Zurich market an opportunity, and thus the London Gold Market ended its monopoly era.

    2. Zurich: Zurich, Switzerland.

    Due to the support of its strong banking industry, it has become one of the world's leading trading centers in the 30s of the 20th century. Since the 60s, Zurich has become the world's second largest trading market, and the joint efforts of the three Swiss banks have made Zurich maintain its position as the world's leading trading center.

    3. New York: The New York Commercial and Filial Piety Exchange is the world's largest trading market. Since its demonetization on December 31, 1974, the city has occupied an important position in the world's most important transactions.

    The purchase of real money in the United States is often provided by small ** traders, so trading through ** becomes the main body of the transaction.

    4. Sydney and Melbourne.

    Sydney and Melbourne are the leading trading centers, based on Australia's dominant position as a major gold producer.

    5. Hong Kong: Hong Kong's highly developed jewelry manufacturing industry is destined to play an important role in the world's leading market. Hong Kong's"The gold and silver industry is cautious and cautious"The daily trading volume is 15-200,000 taels, but the supervision of Hong Kong's local platforms is relatively weak.

    6. Singapore: Singapore's physical gold market was established in 1869, and after 1973, Singapore became a free trading market. In 1992, Singapore's imports accounted for 20% of the world's total imports, establishing the country's important position in physical gold trading.

    7. Tokyo: Japan is a gold-poor country, and almost all of its imports are dependent. Since 1973, Japanese traders have been allowed to import directly.

    By 1980, the Japanese market was completely lifted, so it developed rapidly. Japan's **** market plays an important role. Tokyo's ** trading volume is equivalent to two-thirds of that of New York.

  4. Anonymous users2024-02-06

    The most abundant production area in the world is mainly South Africa.

    Russia, Canada, USA. China**.

    The place with the most production areas is Zhaoyuan City, Shandong Province. Zhaoyuan City is a coastal open city on the Shandong Peninsula, and statistics show that it is the largest production area in China, mainly gold and silver mines.

    Zhaoyuan City

    Zhaoyuan is a county-level city under the jurisdiction of Shandong Province.

    It is managed by Yantai City, located in the northeast of Shandong Province and the northwest of Yantai City, in the low mountains and hilly areas of Jiaodong.

    Zhaoyuan City is bordered by Qixia City in the east and Laizhou City in the west.

    South with Laiyang City.

    Qingdao City is bordered by Laixi City and Longkou City to the north.

    It is adjacent to the Bohai Sea in the northwest and has a coastline of kilometers long.

    Zhaoyuan City belongs to the warm temperate monsoon zone continental semi-humid climate, no severe cold in winter, no scorching heat in summer, spring and autumn, sunshine, humid air, soft wind.

  5. Anonymous users2024-02-05

    Shanghai ** Exchange.

    After several years of hard work, China's leading market has achieved rapid development. However, due to the opening of China's ** market not long ago, the outline of the entire ** market is not very clear. For example, the Shanghai Gold Exchange does not directly face individual investors, and individual investors who want to join must go through the member units of the Gold Exchange.

    At the same time, some well-known spot dealers and gold banks in China have directly introduced the Hong Kong market maker system, drawing on the international spot delayed transaction settlement model to provide a more flexible delayed settlement business. Due to the development of the market is in a process of exploration, the relevant laws and regulations are not sound, which inevitably has some of the largest trading companies are not worthy of the name and illegal operations, so the speculators must carefully choose a reliable trading company.

    Although the Shanghai Gold Exchange has also launched a spot ** delayed settlement business (T+D), it lacks attractiveness to investors because its ** market is not in line with the world's ** market and the trading method is not flexible enough. General spot traders and many investors prefer to choose international spot trading, mainly because it has longer trading hours and lower handling fees, such as some larger spot traders now mostly conduct international spot transactions through some financial companies in Hong Kong. In the past two years, some large spot merchants and gold merchants in Chinese mainland have also begun to follow suit.

    How to choose a company on the Hong Kong ** Stock Exchange.

    1. Whether he is a member of the Hong Kong gold and silver industry, and then see if he can conduct electronic trading. The membership profile of the Hong Kong Gold & Silver Industry ** has an evaluation of the qualifications of all members.

    Class A is tradable (99 gold, kilo bars and London gold and silver).

    Class B is available for market trading (99 gold, kilogram bars).

    Class C is tradable (London bullion).

    Type D is the order to suspend market trading.

    Category E is not holding a valid business license.

    Therefore, only Class A and Class C companies are qualified to do electronic disks.

    2. Remittance. As an overseas remittance, it must be remitted in foreign currency to the name of the company designated by the company. Other actions may be unsafe, so we better not try them. One shift is about two working days, and the company can complete the account opening.

    3. Withdrawals. It is also about two working days, and the withdrawal is also in US dollars, and it is called to the withdrawal account written on the agreement signed at that time, and other banks can also do it, but it must match the name on his ID card.

  6. Anonymous users2024-02-04

    In 2005, the annual trading volume of the Shanghai Stock Exchange, as the only on-site exchange in China, exceeded 900 tons, and the transaction amount exceeded 100 billion yuan for the first time.

  7. Anonymous users2024-02-03

    The Shanghai Stock Exchange is the largest trading market in China.

  8. Anonymous users2024-02-02

    In Shanghai** Exchange.

  9. Anonymous users2024-02-01

    China's largest trading market is the Shanghai Stock Exchange.

    Shanghai ** Exchange (hereinafter referred to as Shanghai Gold Exchange) is approved by the first world, established by the People's Bank of China, specializing in the first class of the financial market, in October 2002 officially put into operation. Her establishment has realized the marketization of China's leading production, consumption and circulation system, and is an important symbol of China's leading market opening.

    The development history and functions of the Shanghai ** Exchange:

    In line with the general trend of China's economic rise and financial reform and opening up, Shanghai Gold Exchange adheres to the principle of serving the real economy and preventing and resolving financial risks, seizes opportunities, overcomes difficulties, and promotes the leapfrog development of China's first-class market from scratch, from small to large, and from weak to strong, and has gradually become the hub of China's first-class market and an important platinum trading center in the world.

    At present, China has gradually formed a multi-level and full-featured market system with the centralized and unified primary market of the Shanghai Gold Exchange as the core, the competitive and orderly secondary market as the main body, and the diversified derivatives market as the support, covering Zhengwang bidding, pricing, inquiry, gold coins, lending, ETFs and other market sectors. In 2020, the trading volume and physical delivery volume of the Shanghai Gold Exchange ranked among the top in the global exchange market.

    At present, there are 18 designated margin depository banks on the main board and 9 designated margin depository banks on the international board. The SGE has convenient physical delivery, with a total of 70 designated warehouses in 36 cities and regions across the country, meeting the warehousing needs of various domestic enterprises in the yellow and cherry gold industry chains, including finance, production, processing, wholesale, import and export. <>

  10. Anonymous users2024-01-31

    With the continuous development of social economy, I believe that many friends have begun to do some related investment activities in life, for example, there are many people who like to invest, but in fact, in the process of investing, the trading market feels very confused, where is the largest trading market in China, according to the query of relevant information, China's largest trading market is in Shanghai, and so far, the largest trading market is the Shanghai Exchange.

    According to the relevant information on the Internet, the Shanghai ** Exchange is now the only ** exchange in China, and in 2005, the ** exchange breakthrough volume has reached 900 tons, and it was at that time that the ** trading volume exceeded 100 billion yuan, but in fact, although the Shanghai ** Exchange is now the largest exchange, but in fact, compared with the London ** Exchange, the throughput is only 1%, which can be seen that there is still a certain gap between the two.

    At present, the transactions in the Shanghai ** exchange are carried out between members, most of the members are gold enterprises, and generally industrial gold, so the transaction is mainly to buy physical goods, and ** of ** accounts for more than 99% of it, so far, most of the ** are used to engage in related spot transactions for production use, rarely go to the investment purpose of institutions and individuals to participate, ** fluctuations and elasticity are relatively poor, that is to say, fundamentally speaking, most of the ** There is currently a lack of liquidity and liquidity, which makes it rare for individuals and related investment institutions to participate.

    From this, we can see that the Shanghai ** Exchange is now the largest ** trading venue in China, and it is in the Shanghai Bund Trading Center, but in the process of investing, we must be cautious, because it is very likely to bring economic losses to ourselves, and even let ourselves suffer results that we do not want to see.

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