Precious Metals Market Overview

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Gold is trading at $4011 per troy ounce.

In the precious metals market on Wednesday, gold (XAU/USD) is up by 1.5% and is trading at $4011 per troy ounce (31.1 grams) of gold.

Platinum on the spot market (XPT/USD) is up by 1.2%, currently trading at $1610 per troy ounce (31.1 grams) of platinum.

The main centers for trading precious metals are the London over-the-counter market, the American futures market, and the Shanghai Gold Exchange (SGE), which together account for over 90% of the global trading volume.

The gold exchange market is characterized by high liquidity — the average daily turnover on the futures market is approximately $50 billion, while the over-the-counter market reaches around $60 billion.

This overview was presented by Yulia Grishchenko, a member of the listing expert council of the Moscow Exchange, Ph.D. in Economics, and 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.