Where Are the Major Gold Exchanges?
Gold has now become a very important financial commodity and, at present, is the most trusted investment that the investors are willing to make.
This can mainly be attributed to the increasing value of gold in the market, which has been triggered by the high demand of gold in all international markets.
In order to fulfill the worldwide demand of gold, there are gold exchanges in all the major economic markets and each of these gold exchanges has their own merits and demerits.
There are different categories of investments available for investors who want to buy gold.
Hence, each of these categories has specific exchanges where they can trade.
One of these categories is the SPDR Gold Shares.
SPDR Gold Shares are an innovative way for investors to invest in gold.
Besides being cost efficient, this also makes the gold market accessible to the investor in a secure way.
SPDR shares were introduced for the first time in the New York Stock Exchange in 2004.
This is one of the fastest growing investment mediums and is now also traded on exchanges like the Tokyo Stock Exchange, Hong Kong Stock Exchange, and the Singapore Stock Exchange.
When it comes to digital currency, which is also called e-currency, The London Gold Exchange is the largest and also the most reputable and established trader in the world.
Digital currency includes commodities like digital gold and silver.
The London Gold Exchange also has its offices in the European as well as the Asia Pacific Region.
One of the largest, most premier markets for gold is the London Metal Exchange.
Some of the most important metals from trade and economic perspective are traded on this exchange and this is where the prices are set for these metals.
One of the largest exchanges for physical commodity futures is the New York Mercantile Exchange.
Some of the most important commodities that are traded here are gold, silver, copper, palladium, energy and platinum.
There is also the Dubai Gold and Commodities Exchange which is located in Dubai.
Dubai has long been the international hub for trade of different commodities varying from gold and silver to spices and other items.
The Dubai Gold & Commodities Exchange is now the leading exchange in the Middle East for derivatives.
China is the largest buyer of gold at present.
The Shanghai Gold Exchange was the first exchange to be founded by the People's Bank of China and to have gained the approval of the State Council.
Some of the other commodities exchanges that trade gold are the Tehran Metals Exchange and also the Tokyo commodities Exchange.
Most of the gold trading in the market is done in the commodities exchanges.
The Chicago Board of Trade is an important name when it comes to the trading of futures as well as gold.
Gold in one of the most important metals traded on the Chicago Board of Trade.
Other categories include financial contracts and agricultural commodities.
This can mainly be attributed to the increasing value of gold in the market, which has been triggered by the high demand of gold in all international markets.
In order to fulfill the worldwide demand of gold, there are gold exchanges in all the major economic markets and each of these gold exchanges has their own merits and demerits.
There are different categories of investments available for investors who want to buy gold.
Hence, each of these categories has specific exchanges where they can trade.
One of these categories is the SPDR Gold Shares.
SPDR Gold Shares are an innovative way for investors to invest in gold.
Besides being cost efficient, this also makes the gold market accessible to the investor in a secure way.
SPDR shares were introduced for the first time in the New York Stock Exchange in 2004.
This is one of the fastest growing investment mediums and is now also traded on exchanges like the Tokyo Stock Exchange, Hong Kong Stock Exchange, and the Singapore Stock Exchange.
When it comes to digital currency, which is also called e-currency, The London Gold Exchange is the largest and also the most reputable and established trader in the world.
Digital currency includes commodities like digital gold and silver.
The London Gold Exchange also has its offices in the European as well as the Asia Pacific Region.
One of the largest, most premier markets for gold is the London Metal Exchange.
Some of the most important metals from trade and economic perspective are traded on this exchange and this is where the prices are set for these metals.
One of the largest exchanges for physical commodity futures is the New York Mercantile Exchange.
Some of the most important commodities that are traded here are gold, silver, copper, palladium, energy and platinum.
There is also the Dubai Gold and Commodities Exchange which is located in Dubai.
Dubai has long been the international hub for trade of different commodities varying from gold and silver to spices and other items.
The Dubai Gold & Commodities Exchange is now the leading exchange in the Middle East for derivatives.
China is the largest buyer of gold at present.
The Shanghai Gold Exchange was the first exchange to be founded by the People's Bank of China and to have gained the approval of the State Council.
Some of the other commodities exchanges that trade gold are the Tehran Metals Exchange and also the Tokyo commodities Exchange.
Most of the gold trading in the market is done in the commodities exchanges.
The Chicago Board of Trade is an important name when it comes to the trading of futures as well as gold.
Gold in one of the most important metals traded on the Chicago Board of Trade.
Other categories include financial contracts and agricultural commodities.
Source...