As an important precious metal, gold has extensive investment value and risk aversion attributes, so it has an active trading market globally.Gold trading time in different countries and regions also has its own characteristics. Let's take a look at the golden market gauge of the global market.
London is one of the largest gold trading centers in the world, and its gold price is considered an international standard.The daily opening time of the London market is the Standard Time (GMT) at 8:00 am, and ends at 5:00 pm local time.During this time, the huge transaction volume in the London market has had an important impact on global gold prices.
New York is another important international gold trading center. It opened at 9:30 am in the eastern time and closed at 4:00 pm.Since the US dollar is one of the world's main reserve currencies, the New York market is of special significance for global investors.At the same time, there are multiple other small but active gold exchanges in the American time zone.
Asia also has a number of important gold trading centers, of which China, India, Japan and other countries are the most active.China's Shanghai Futures Exchange and the Hong Kong spot market play an important role in Asia; India also has a considerable scale as the world's largest consumers; and the Tokyo Commodity Futures Institute in Japan provides another investment option.
In addition to London, there are still several small but still active yellow problems in Europe.
Deutsche Bank executives have confirmed that the bank is considering that the scale of its own billions of euros
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