A leading international gold market

Comparing the world's leading gold market influence concentrated in London, Zurich, New York and Hong Kong. London gold market The world's largest gold market. 1804, London, Amsterdam, the Netherlands to replace the world's gold trading center. 1919-London market was formally established in the morning and afternoon every day for two gold price. Goldsmith set by the top five on the day the market price of gold, the price has affected trading in New York and Hong Kong. The gold market is the main supplier of South Africa. In 1982 before the London gold market mainly engaged in spot trading of gold, in April 1982, the London gold futures market opened. Zurich gold market After World War II development of the international gold market. Switzerland due to the special nature of the banking system and support the gold trade service system for the sale of gold provides a free and confidential environment, together with Switzerland and South Africa also has preferential agreements, received 80 percent of South African gold, as well as the former Soviet Union gold Have gathered here, making Switzerland is not only the world's largest gold to add a transit point for the world's largest private gold storage center. Zurich gold market in the international gold market position second only to London. U.S. gold market New York, Chicago and the gold market is the mid-1970s developed, mainly because in 1977 after the devaluation of the dollar, Americans (mainly corporate-oriented) for hedging and investment in value-added profits, making gold futures rapidly Developed. At present, the New York Mercantile Exchange and Chicago Mercantile Exchange is the world's largest gold futures trading centers. Exchange of two gold spot market price impact. Hong Kong gold market Hong Kong gold market has been 90 years. Its form is based on the Gold and Silver Exchange of Hong Kong to mark the establishment. In 1974, the Hong Kong government abolished import and export controls on gold, since the Hong Kong Monetary fast development of the city. Hong Kong gold market just to cover the difference in New York, Chicago and London markets closed before the opening of the gap can be coherent in Asia, Europe, the United States, to form a complete world gold market. Its superior geographical conditions in Europe caused by Kim's attention, the London five gold, three major Swiss banks have set up branch offices in Hong Kong. They will be in London for settlement of the gold trading activities in Hong Kong to gradually form a local invisible, "London gold market," Hong Kong will become the world's major gold markets in the world.