2. Forecast of gold price trend: The trend of gold price is weak after breaking through the upward trend, but the long-term bullish prospect has not been destroyed. Due to the decline in inflation expectations and the rebound in real income, the price of gold has been suppressed. Historically, unlike other asset classes, there is a positive correlation between gold price and volatility.
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1. What is the Shanghai Gold Exchange?
With the approval of the State Council, the Shanghai Gold Exchange was established by the People's Bank of China and registered with the State Administration for Industry and Commerce. It is the only national market in China legally engaged in precious metals trading. It is an enterprise legal person that organizes gold trading and implements self-discipline management based on the principles of openness, fairness, justice, honesty and credit, and is not for profit. With the establishment of Shanghai Gold Exchange, China's gold market, money market, securities market and foreign exchange market have formed a complete financial market system in China. It provides a spot trading platform for the participants in China gold market, which enables the production, demand, supply and demand of gold production and consumption enterprises to be connected, and completes the smooth transition of gold from unified purchase and distribution to market trading.
The second is the deferred settlement contract market of Shanghai Gold Exchange.
1. The contract of delayed delivery refers to the contract of installment transaction. Investors can choose to deliver on the contract trading day or postpone delivery to a certain trading day, and introduce a deferred compensation mechanism to stabilize the contradiction between supply and demand. This is a spot trading model.
2. According to the regulations of Shanghai Gold Exchange, there is no time limit for deferred delivery contracts. Investors can extend the delivery time indefinitely, but they have to pay a deferred fee, which ranges from 0.02% to 1% for each contract. Moreover, if you hold the silver extension contract Ag(T+D) for more than 30 trading days, you need to pay an extra overdue rate, which is currently 0.0 1%.
3. The gold T+D variety of Shanghai Gold Exchange has small fluctuation and low risk. It is a standard Asian trading method, with a fixed trading place, strict membership system, quotations from buyers and sellers, no bid-ask spread and commission system. Therefore, trading gold on the Shanghai Gold Exchange is a real-time price.