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Precious Metals - Loco London Gold/Silver Profile
The London gold market is currently the largest gold market in the world. In 1804, London replaced Amsterdam, the Netherlands, as the center of world gold trading. In 1919, the gold market in London was officially established, and two gold prices were set for the morning and the afternoon. The five largest gold companies set the gold market price for the day. And the price has been affecting transactions in New York and Hong Kong. The gold market prices in many countries and regions are based on London gold too. The top five gold companies involved in pricing are Rothschild International Investment Bank, Scotiabank Canada, Deutsche Bank, HSBC, and Credit Suisse First Boston Bank. Before 1982, the London gold market was mainly engaged in gold spot trading. In April 1982, the London futures gold market opened.
Grand Investment (Bullion) Ltd. provides local London gold/silver trading services covering global gold trading hours. The main trading hours include: Oceania* (07:00-15:00), Asia* (08:00-16 :00), Europe* (14:00-01:00), Americas* (23:00-04:00). Investors can trade, hedge and hedge against market fluctuations and price changes to explore more profitable investment opportunities.
Gold has dual properties of commodities and currency. With the continuous development of financial markets, gold has become a popular investment product for investors.
*Beijing time
Specifications
|
London gold 100 ounce contract |
Fineness of 995 or more |
| London gold 10 oz contract | Fineness of 995 or more Contract unit of 10 oz Prices are quoted in U.S. dollars / oz Minimum bid unit US$ 0.1 per troy ounce |
| London silver 2,500-ounce contract | Fineness of 9999 or more Contract unit 2500oz Prices are quoted in U.S. dollars / oz Minimum bid unit U.S$ 0.01 per troy ounce |
| London silver 250oz contract | Fineness of 9999 or more Contract unit 250oz Prices are quoted in U.S. dollars / oz Minimum bid unit US$ 0.01 per troy ounce |