Gold trades at $4005 per troy ounce

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Gold is trading at $4005 per troy ounce.

On Tuesday, gold (XAU/USD) on the global precious metals market is down by 1% and is trading at $4005 per troy ounce (31.1 grams) of gold.

Platinum on the spot market (XPT/USD) is also correcting by 1.5% and is quoted at $1515 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.

The overview was presented by Yulia Grishchenko, a member of the expert council of the Moscow Exchange listing committee, 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.