Precious Metals Market Overview

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Gold is trading at $4090 per troy ounce.

In the precious metals market on Wednesday, gold (XAU/USD) is up 0.6% and is trading at $4090 per troy ounce (31.1 grams) of gold.

Platinum on the spot market (XPT/USD) is up 1%, trading at $1550 per troy ounce (31.1 grams) of platinum.

The main trading centers for 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 exchange market is highly liquid — 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.

Review 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.