Gold trading is a global market, and there are many reputable gold exchanges around the world. Here is a comprehensive list of gold trading spots and reputable gold exchanges:
- London Bullion Market (LBMA) - The LBMA is the world's largest over-the-counter gold market. It is a wholesale market for trading gold and silver, and its members include banks, bullion dealers, and refiners.
- New York Mercantile Exchange (NYMEX) - The NYMEX is a commodity futures exchange based in New York City. It offers gold futures contracts for trading.
- Shanghai Gold Exchange (SGE) - The SGE is a Chinese gold exchange that operates a physical gold trading platform. It is one of the largest gold exchanges in the world.
- Dubai Gold and Commodities Exchange (DGCX) - The DGCX is a derivatives exchange based in Dubai. It offers gold futures contracts for trading.
- Tokyo Commodity Exchange (TOCOM) - The TOCOM is a commodity futures exchange based in Tokyo, Japan. It offers gold futures contracts for trading.
- Multi Commodity Exchange of India (MCX) - The MCX is a commodity futures exchange based in Mumbai, India. It offers gold futures contracts for trading.
- Istanbul Gold Exchange (IGE) - The IGE is a Turkish gold exchange that operates a physical gold trading platform. It is one of the largest gold exchanges in the world.
- Hong Kong Exchanges and Clearing Limited (HKEX) - The HKEX operates a commodities market, including gold futures contracts for trading.
- Borsa Istanbul - The Borsa Istanbul is a Turkish stock exchange that also operates a gold futures market.
- CME Group - The CME Group is a US-based derivatives exchange that offers gold futures contracts for trading.
- Commodity Exchange Bratislava (COMEX) - The COMEX is a Slovakian commodities exchange that offers gold futures contracts for trading.
- Australian Securities Exchange (ASX) - The ASX is an Australian stock exchange that offers gold exchange-traded funds (ETFs) and other gold-related securities for trading.
These are some of the most reputable gold exchanges in the world. Gold trading can also take place on smaller exchanges and through brokers and dealers. It's important to conduct thorough research and due diligence before investing in gold to ensure that you are using a reputable and trustworthy exchange or dealer.
Author: Pooyan Ghamari Economie Visionner and CEO of A Land Group
