Financial Sharing

US gold market

The gold market in New York and Chicago developed in the mid-1970s. The main reason is that after 1977, the dollar devalued, and the Americans (mainly corporate groups) made a rapid development of gold futures in order to hedge and increase investment value. At present, Comex and IMM are the largest gold futures trading centers in the world. The two exchanges have a great influence on the gold price in the spot market. Take the New York Mercantile Exchange (Comex) as an example. The exchange itself does not participate in the trading of futures.

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Financial Sharing

London gold market

London’s gold market has a long history, which can be traced back more than 300 years. In 1804, London replaced Amsterdam, the Netherlands, as the center of the world’s gold trading. In 1919, the London gold market was officially established, and gold pricing was conducted twice a day in the morning and afternoon. The gold market price of the day is set by the five major gold banks, which has been influencing transactions in New York and Hong Kong. The main supplier of gold in the market is South Africa. Before 1982, London gold market mainly engaged in spot trading of gold.

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Financial Sharing

How to get the loan from the bank?

In short, although the borrower has a stable income, he has a lot of money in debt and has a lot of debt pressure. The probability of applying for a loan is high, and financial institutions are naturally unwilling to take this risk. Because a person’s income is not only used for repayment, but also for daily living expenses, so financial institutions have a certain range of requirements for the debt ratio of loan applicants.

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