gold trading

Gold Trading Defined and Explained

Almost every exchange of any note in all parts of the world has some kind of investment in gold, whether in stocks or futures or some other instrument on the basis of the constituent elements of the gold market.Two of the most important gold trading centers in London and New York. Gold market in London is one of the oldest in the world and the largest market for gold trading. Since September 12, 1919, gold was fixed in the London gold price Standard used in contract arrangements around the world. Today, the gold fixings are at 10:30 am and 3 pm, to provide the official gold price used by the producers and consumers and banks.The major central stock of gold dealers United States is the COMEX division of the New York Mercantile Exchange (NYMEX),Which began trading gold futures contracts on December 31, 1974, on the first day allowed for U.S. citizens to own gold after the imposition of a ban on more than 40 years. Are other important gold markets in Tokyo, Sydney and Hong Kong and Shanghei, Singapore, Dubai and Zurich. So at any time of day or night is being created in the current price of gold somewhere.

Gold Market Prices & Rates

 size of the NYMEX gold futures contract is 100 ounces.
 month contract in February, April, June, August, October and December.
 quoted futures prices of gold in U.S. dollars an ounce ($ 1 equals $ 100 a contract), with minimum fluctuation in the rate of 10 cents ($ 10 per contract).
Another venue for gold futures on the NYSE Euronext trading, which has been purchased Complex minerals including full-sized and small gold futures contracts that are traded on the Chicago Board of Trade prior to the merger CBOTs in a CME. Another way to invest in gold shares is the Fund Street gold traded on the bourse introduced in 2004. Sponsored by an affiliate of the World Gold Council, has been designed to track the share prices of gold and trade like a continuously offered security.



Gold Trading Fundamentals

South Africa is the world's largest producer of gold, which represents about 16 percent of world production of gold annually, followed by the United States (12%) and Australia (11%) and China (7 percent). In the United States, Nevada is the highest gold producing state, followed by Alaska and California.According to the National Mining Association, and the dwindling supply of mined gold from the gold demand a growing world. Best estimates suggest that the global market to buy almost 5000 metric tons of gold annually. Global gold demand exceeds global supply of gold by about 60 percent annually, and create a state of ongoing structural shortfall.Although the consumption of gold for various purposes, it is claimed that all of the gold mined throughout history still exists today in one form or another. Gold and jewelry, for example, a store of value and an important means for the holding of gold. Where to get the gold price high enough, and recovery of gold from scrap or used a relatively simple, such as electronic equipment and supplies to keep gold from extinction.See how it can help VantagePoint software forecasts the price of gold with an accuracy of up to 86% * - Get a free forecast now gone.



Gold Trading Tips


While the prices of many material goods tend to revolve around the demand and supply data, gold needs to be treated like a financial market that responds to fear and anxiety. Gold prices usually move higher in times of crisis and panic. A stock market crash, a war or an unexpected terrorist attacks lead to a wave of buying in gold because traders view it as a safe haven and Better instead of special prices assets.Gold paper usually move higher during periods of high inflation rates, which tend to achieve about the high interest rates. Gold futures prices also have an inverse relationship with the U.S. dollar, because the pricing of gold and other commodities such as oil in dollars. If the value of the dollar decline with the passage of time, should the gold price rise.


Gold Trading Information


Because of his role in the global markets and economies, and gold is the subject of numerous articles and presentations by the financial media, and many of the events reported by the financial press have an impact on the price of gold. Many of the newsletters and web sites on the Internet calls for investments in fixed assets or investments in gold and gold-mining companies penny stocks.


Gold Trading Supply and Demand

In addition to the available data and information exchanges, and government sources, a number of organizations provide materials relating to the production and consumption of gold and other statistics and other resources that may interest gold dealer. Two of them:
National Association of Mining, based in Washington, DC, is an organization of national trade of 325 companies representing the interests of all aspects of the mining industry including minerals, coal and producers of industrial minerals, and treatments of mineral, and equipment manufacturers and transportation companies in bulk, etc..
World Gold Council, which was founded in 1987, is an organization formed and funded by the world's leading gold mining in the area of operating in six continents in order to stimulate and increase demand for and the holding of gold. It offers a number of esources on the supply of and demand for gold, and why, how and where to invest in gold.