www.kitco.com glossary


New York Market

Market hours (local time)
8:20 AM - 1:30 PM.

New York Futures Division gold futures and options are two ways of trading gold in New York. They provide an important alternative to traditional means of investing in gold such as bullion, coins, and mining stocks.


New York ACCESS MARKET®

Market hours (local time)
2:00 PM - 8:00 AM Mon-Thu
7:00 PM - 8:00 AM Sun.

After-hours futures trading is conducted via the NYMEX ACCESS electronic trading system beginning at 2:00 PM on Mondays through Thursdays and concluding at 8:00 AM the following day. On Sunday, the electronic session begins at 7:00 PM. All times are New York time.


London

Market hours (local time)
8:30 AM - 4:00 PM, with Fixing at 10:30 AM and 3:00 PM.

The metal prices fixed twice a day here, known as London Fixes, are the guidepost for the official gold trading around the world.


Zurich

Market hours (local time)
8:00 AM - 5:00 PM.

The core is the mutual settlement(gold pool) of the three biggest banks in Switzerland.


Hong Kong

Market hours (local time)
8:30 AM - 12:30 PM
2:30 PM - 5:30 PM.

Hong Kong is center of gold trading in the Far East and the Southeastern Asia.


Sydney

Market hours (local time)
9:00 AM - 3:00 PM.

Australia's geographical location is a natural place to maintain the continuity of the spot gold market after New York traders go home and before the Asian traders wake up. Sydney opens up shortly after the NY market closes and overlaps the Hong Kong market.