1. The trading platforms are different

Gold futures are internal gold transactions in China’s domestic market. International gold prices have an impact on futures gold, but futures gold may be controlled by big funds. London gold belongs to international spot gold, and its direction cannot be controlled by anyone. Moreover, the leverage ratio is high and the investment amount will be smaller. The only thing needed is to find a formal, legal and reputable platform.

2. Differences in delivery time periods

Futures refer to standard contracts with delivery time limits. Futures gold: 9:00 a.m.-11:30 p.m. every day from Monday to Friday 1:30-3:00.

The London Gold Delayed Delivery business generally has no delivery time limit. It opens at 7 a.m. on Monday and closes at 4 a.m. on Saturday. London gold is a 24-hour sales transaction, T+0 trading form. The trading software cannot be traded between 04:00-06:00 every day during the settlement time, but can be traded at other times.

3. The difference between market makers and exchanges

Futures trading generally requires centralized matching transactions in futures exchanges, and exchanges must be members to trade. General customers Transactions must be made through a member agent.

The London gold trading market, which has the largest market trading volume and market transaction scale in the international gold market, does not have a centralized exchange for matching transactions. Instead, it consists of five major gold market makers (famous international banks) and lower The gold market maker network composed of a large number of first-level gold merchants provides a delayed delivery mode for spot gold.

Extended information:

Notes on opening a gold futures account:

1. Choose a professional futures account opening institution

2. Fill in the account opening form The content of the account opening contract (including signature) must be filled in by myself.

3. According to the latest regulations, account holders need to provide a digital photo

4. Provide ID card and copy (copy of new ID card, back and front)

Reference: Baidu Encyclopedia-Gold Futures