Gold trades at $3,990 per troy ounce

© Региональные новости

Gold is trading at $3,990 per troy ounce.

On Tuesday, gold (XAU/USD) on the global precious metals market is showing a decline of 0.3% and is trading at $3,990 per troy ounce (31.1 grams) of gold.

Platinum on the spot market (XPT/USD) is also falling by 0.6% and is quoted at $1,560 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), whose combined share exceeds 90% of the global trading volume.

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

Overview presented by Yulia Grishchenko, member of the Expert Council of the Moscow Exchange Listing Committee, 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.