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Author: Admin | 2025-04-27
By both European economic data and larger macroeconomic developments. Key characteristics: Price movement can be more subdued but is often affected by Asian economic data or geopolitical events in the region. For instance, China’s consumer demand for Gold and India’s appetite for imports have long been influential. Gold fixing: The London Bullion Market Association (LBMA) conducts Gold price fixings in the morning at 10:30 GMT and afternoon at 15:00 GMT, setting reference prices used globally. These fixings create important benchmarks and can serve as catalysts for price movements, particularly when unexpected price deviations arise. North American session: High activity amid key data releases With New York’s COMEX opening at 13:30 GMT, the North American session often experiences the highest liquidity levels due to overlapping with the European session. Additionally, US economic reports such as employment data, inflation rates, and Federal Reserve (Fed) announcements, have a significant impact on Gold prices during this session. Key characteristics: This session is marked by heavy trading volume, especially during the overlap with the European session. Traders tend to see the most pronounced price fluctuations here, often driven by US economic indicators and the influence of major institutional investors. Impact of US economic data: Gold prices often respond swiftly to major US data releases. Reports such as the Nonfarm Payrolls (NFP), Fed interest-rate decisions, and Consumer Price Index (CPI) can lead to rapid price swings as traders assess Gold’s role as a safe-haven asset. Key Gold market trading hours Various exchanges around the world play essential roles in the Gold market, each with specific hours and unique characteristics. Here’s a closer look at some of the most influential markets: London Bullion Market (LBMA) Trading Hours: 7:00 to 16:00 GMT. Characteristics: The LBMA is one of the oldest and most prominent Gold markets, handling significant physical metal transactions. London’s morning and afternoon Gold fixings influence global prices. American Gold exchanges (COMEX, CME and NYMEX) Trading Hours: 13:30 to 22:00 GMT. Characteristics: The American Gold market includes major exchanges like the COMEX (Commodity Exchange), CME (Chicago Mercantile Exchange), and NYMEX (New York Mercantile Exchange), all under the CME Group umbrella. COMEX is particularly influential, being one of the largest futures markets for Gold, and its activity sets significant price trends globally. The opening of COMEX often leads to heightened volatility, especially as it coincides with the release of US economic data. Shanghai Gold Exchange (SGE) Trading Hours: 01:30 to 07:30 GMT and 11:30 to 15:30 GMT. Characteristics: As China is a major Gold consumer, the SGE plays a vital role in shaping prices, especially in the Asian session. The exchange is known for its high liquidity and is a key hub for physical Gold trading in Asia.
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