London Golden Exchange: International Vane of the Gold Market
London Golden Exchange, the London Bullion Market, is one of the world's largest and most influential gold trading markets.As the international vane of the gold market, it plays an important role in global gold prices and supply and demand.
Historical Origins
The London Golden Exchange originated in the early 17th century, when Britain became the world's main trade and colonial empires.As Britain has accumulated a large amount of wealth worldwide, people have begun to establish a market for valuable metal transactions in London.
This market has gradually developed and forms a modern operation model in the 19th century.So far, London is still one of the most important gold trading centers in the world, attracting investors, miners and agents from all over the world.
Institutional settings
The London Golden Exchange is formed by a number of banks and brokerage companies to set up an office in a specific area in the city for physical gold buying and selling and derivatives.These institutions are quoted in real time, matching buying and selling orders through the network system, and ensuring that all contracts are accurately implemented.
In addition, there is also a clear bank and regulatory agency in this market to supervise and maintain the smooth operation of the entire system, fairness and fairness.
Price discovery and influence
As one of the world's most active and most liquidity Gold Trading platform, London Bullion Market not only provides a high reference value Gold Price Benchmark, but also directly affects other regions related to Market. Determine the Price Discovery of Gold Market, which is determined.Define the Internet price level. The price fluctuations will also have a chain response to other goods and currencies.
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