What is the trading time of spot gold?

Spot gold trading hours:

The opening and closing hours are from Monday to Friday, except for national holidays and international market closures. The closing time is from 8 am on Monday to 4 am on Saturday. The specific opening and closing time is subject to the announcement of the exchange, from 4: 00 am to 6: 00 am on the trading day.

The gold market is a global market and can be traded around the world for 24 hours. Gold can be easily realized and quickly converted into any currency, forming a convenient exchange relationship among gold, currency and foreign exchange, which is an outstanding performance of the monetary function of gold.

Judging from the international gold market transactions, the subject matter of gold investment is mainly derivatives, not real gold. In fact, the amount of gold investment with gold bars as the subject matter only accounts for about 3% of the total trading volume in the market, and more than 90% of the trading volume in the gold market is gold financial derivatives trading. The trading of gold financial derivatives has magnified the trading scale of the gold market by dozens of times, making the gold market still dominated by financial attributes under the condition that gold is not monetary, and it is a financial market rather than a general commodity market.

Main uses and characteristics of gold:

1. Used as international reserve.

2. Value preservation function

3. Hedging function is the best weapon to deal with inflation.

Used as jewelry decoration.

5 industrial technology application

6. Internationally recognized types of mortgage loans are conducive to the transfer of property rights. The gold market has developed into an uninterrupted international market? Trading 24 hours a day.

Characteristics of spot gold investment:

1, the quality grade refers to the purity of 99.99? Gold products? The settlement shall be made in USD 3 1. 1035g/oz.

2. The trading volume is a multiple of 100 ounces of gold products and 1 lot.

3. The price is subject to the real-time gold quotation of Dow Jones Currency Hotline.

4. The trading unit is100oz/hand.

5. The margin transaction is 1000 USD/lot.

6. The trading time is from 7: 30am to 3: 30am every Monday to Thursday. Every Friday morning from 7:30 to 2:30.

7. Opening hours:

Sydney -07: 00- 14: 00

Tokyo -08: 00- 14: 00

Hong Kong -09: 00- 17: 00

Singapore -09: 00- 16: 00