Precious Metals Market Overview

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Gold is trading at $4,071 per troy ounce on Monday.

In the precious metals market, gold (XAU/USD) is showing a decline of 0.3%, with the current quote at $4,071 per troy ounce (31.1 g).

Platinum on the spot market (XPT/USD) is also rising by 0.9%, trading at $1,560 per troy ounce (31.1 g).

The main trading platforms for precious metals are concentrated in the London Over-the-Counter market (LBMA), the American futures market (COMEX), and the Shanghai Gold Exchange (SGE).

These three centers account for over 90% of the global trading volume.

It is worth noting that the gold market demonstrates high liquidity:

- Futures trading provides an average daily turnover of around $50 billion;

- The over-the-counter segment (OTC) shows even larger volumes — 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.