Precious Metals Market Overview

© ООО Региональные новости

Gold is trading at $4,086 per troy ounce.

On Friday, in the precious metals market:

- Gold (XAU/USD) is down by 1%, priced at $4,086 per ounce (31.1 g).

- Platinum (XPT/USD) is down by 0.8%, trading at $1,616 per ounce (31.1 g).

The key trading platforms for precious metals are:

- London Over-the-Counter Market,

- American Futures Market,

- Shanghai Gold Exchange.

These key trading platforms account for over 90% of the global trading volume in precious metals.

Moreover, the gold market has high liquidity:

- Futures market - average daily turnover of around $50 billion,

- Over-the-Counter market - approximately $60 billion per day.

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