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London Gold Market


rebateforexbroker Gold Market (LondonGoldMarket) London Gold Market Introduction The London Forex Rapid Rebate ForexRapidRebate has a long h cashback forextory, its development history can be traced back to more than 300 years ago in 1804, London replaced the Dutch Amsterdam Exchange as the worlds gold rebateforex center, in 1919 the London gold market was formally established, every day for the morning rebateforexfee afternoon twice the gold pricing by the five major The London Gold Market was established in 1919, and the morning and afternoon gold prices were set twice a day by the five major gold houses, which have been influencing the trading markets of New York and Hong Kong. Existing trading place, but a through the major gold dealer sales network into the invisible market exchange members by the British HSBC, Canada Scotiabank, Rothschild International Investment Bank and Deutsche Bank and other five major gold dealers and some recognized as eligible to buy gold from them, and then extended to various processing manufacturers, small and medium-sized stores and companies trading by gold dealers according to their own buying and selling orders If the customer requires delivery in a faraway area, the gold dealer will also quote the freight and premium, etc., and may also quote the futures price according to the customers requirements The most popular way to buy and sell London gold is that the customer can buy gold spot without cash delivery, and only need to pay the agreed interest rate at maturity, but at this time the customer cannot get physical gold this gold trading The way, only in the accounting books to play the numbers, until the customer made the opposite operation to close the position London gold market settlement of the standard gold color for 99.5%, the weight of 400 ounces London gold market trading characteristics (1) is mainly spot trading, April 1982 before the start of gold futures trading, and the establishment of the first European forward gold exchange; (2) the implementation of the twice-daily pricing system (10:30 a.m., 3:00 p.m.), by the six major gold agreed to set the price, the price is the international gold price fluctuations barometer; (3) trading volume, and mostly wholesale business, gold dealers act as brokers London gold market characteristics One of the characteristics of the London gold market is the trading system is special, because London does not have the actual trading place, its transactions are through the invisible way - The major gold dealers sales network to complete the transaction members by the authority of the five major gold dealers and - some recognized as qualified to buy gold from the five major gold companies or stores, and then by the various processing manufacturers, small and medium-sized stores and companies and other chain composition trading by the gold dealers according to their respective buying and selling orders, to quote the buying and selling price London Another feature of gold market trading is the flexibility of gold purity, weight, etc. can be chosen, if the customer requires in the more distant areas of the delivery. Gold dealers will also be quoted freight and premiums, etc., but also according to customer requirements quoted futures prices The most popular way to buy and sell London gold is that customers can buy gold without cash delivery, you can buy gold cash loans, due only to pay interest at the agreed interest rate can be, but at this time the customer can not get physical gold this gold trading method, just in the accounting accounts for the numbers game, until the customer has carried out the opposite operation to close the position London Gold market special trading system also has a number of shortcomings first of all: because each gold dealer reported prices are real prices, sometimes the market price of gold is more confusing, even gold dealers do not know which price of gold is reasonable, had to stop quoting, London gold trading will stop; second is the London market customers absolute secrecy, so the lack of effective gold trading position statistics

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