American spot gold opening time and trading rules

American spot gold opening time and trading rules

The US spot gold market is one of the world's largest gold trading markets, attracting many investors and traders to participate.Understanding the opening time and trading rules of the American spot gold are essential for investors to formulate trading strategies and risk management.

Opening time

The official opening time of the American spot gold market is from Monday to Friday at 6pm (summer time) or 7:00 (winter time), and it continues until 5 am the next day.This 19 -hour continuous trading time provides full flexibility for investors around the world, so that they can choose the appropriate trading timing according to their time difference.

Variety and quotation

In the US spot gold market, COMEX futures contracts are mainly used as standards for quotation and transactions.COMEX futures contract is based on 100 ounces (about 31. grams) of gold per hand as the basic unit for quotation and settlement.The price is usually calculated in the US dollar, and it will fluctuate by factors such as supply and demand, economic data, and political events.

Deposit and leverage

When conducting American spot gold transactions, investors need to pay a certain percentage of margin to build a position.The guarantee amount is usually set by the broker and changes with different leverage ratio.By using leverage, investors can control a larger number of contracts with less capital, which also increases risks while increasing profit increases.

Feee and commission

When participating in the US spot gold market transaction, in addition to paying guarantee money, it is necessary to consider the problem of handling fees and commissions.The fees refer to the fee charged to the customer for the providing service cost of the broker; the amount of commission refers to the service fee charged to the broker according to the transaction volume or in accordance with a fixed proportion.