1 thought on “American Gold Trading Rules”

  1. Gold Futures Trading Rules of New York Commodity Exchange (COMEX): 100 ounces of trading units. Quotation unit: US dollar and US dollar/ounce.
    The transaction time: The price transaction is 08:20 to 13:30 on the day; the electronic transaction after the plate is from Monday to Thursday: 14:00 to 08:00 the next day; on Friday: 14:00 to 17:17: 15; Sunday: 18:00 to the next day 08: 00
    The trading month: ie, the month, the next two calendar month, all 2, 4, August, and October within 23 months All June and December.最小价格波动:0.10美元/盎司,即10美元/手rn最后交易日:每月最后一个工作日之前的第三个交易日,交割期限:交割月的第一个工作日至最后一个Working day.
    The expansion information:
    The US gold market is a gold trading market controlled by American regulatory agencies, and it is a savings for gold in the US savings structure to gold. It is the largest gold trading market.
    If supervision characteristics: The Fed negotiated and the Ministry of Finance jointly manages the currency reserve gold. The US Commodity Futures Trading Commission jointly manages the gold market according to the US Congress Legislative and Futures Exchange and the Futures Association.
    The management model formation of legislative management, that is, the use of formulation, modification, and promulgation of relevant laws and regulations to manage the gold reserves and gold trading markets. Then support administrative management, that is, relying on the relevant government authorization departments, functional agencies or local governments to manage. In the actual implementation, based on market principles, industry self -discipline management is the main implementation, and market -oriented management is mainly implemented.
    The Ministry of the Fed and the Ministry of Finance manages the scale of US currency reserves in the US currency reserves of 8,135 tons (data at the end of June 2006), accounting for 75%of the US foreign exchange reserves, and the US currency reserves have been frozen for many years, that is, no increase in increase It did not decrease.
    The golden trading in the United States has spot and futures transactions, and is the world's largest gold futures trading market. It is mainly concentrated in the five exchanges of New York, Chicago, Detroit, Buffalo, and San Francisco. Among them It has influence, but the real gold transaction volume in the United States is lower than Asia and Europe. The United States is the Global Gold Futures Trading Center, which is a typical feature that is different from other gold markets.
    The gold manufacturing industry in the United States is mainly used for jewelry, electronics industry, dental and gold coins. In 2001, the data were: 158 tons of K gold jewelry, 14 tons of dentistry, 8.3 tons of industrial gold, and 231.7 tons. After entering the market through the production of gold manufacturing products, this kind of commodity gold enters the market. Under the self -discipline management of relevant commodity departments associations, it operates in accordance with the laws of product operation, and it trades through the exchange.
    Is since the official gold control in the United States in 1974, the gold industry has been fully developed. Whether it is the production of gold mines, gold investment. The gold exchanges and gold manufacturing are both open and free -run market systems. On behalf of the government, the Federal Reserve exercises the management function of the central bank, and is mainly responsible for the management and operation, international cooperation and international liquidation and payment of monetary gold. Specifically decided to negotiate the joint decision of the US Finance.

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