Precious Metals Market Overview

13:23; 04 December 2024 year

Gold is trading at $2,646 per 1 troy ounce.

During the trading session, Gold (Gold) is falling by 0.1% and is trading at $ 2,646 per 1 troy ounce (31.1 grams) of gold.

Platinum (Platinum) is down 0.1% and trading at $954 per 1 troy ounce (31.1 grams) of platinum.

The centers of precious metals trading are the London Over-the-counter market, the U.S. futures market and the Shanghai Gold Exchange (SGE).

The turnover of the three sites accounts for more than 90% of global trading volumes.

The gold market is highly liquid. The daily volume of trading on the gold futures market averages 50 billion USD. In the over-the-counter market, the figure is even higher – about 60 billion USD.

The review was presented by Yulia Grishchenko, member of the Expert Council of the Moscow Stock Exchange on Listing, Ph.D. in Economics, Head of the Department of Financial and Investment Management of the Faculty of the Higher School of Management of the Financial University under the Government of the Russian Federation.

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