Market Review: Precious Metals

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Gold is trading at $4,200 per ounce.

In the precious metals market, on Wednesday, gold (XAU/USD) is up 0.1% and trading at $4,200 per ounce (31.1 grams) of gold.

Platinum on the spot market (XPT/USD) is up 0.5%, trading at $1,650 per ounce (31.1 grams) of platinum.

The main centers of trading in 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 futures market is characterized by high liquidity – the average daily turnover is approximately $50 billion, while the over-the-counter market reaches around $60 billion.

The report was presented by Yulia Grishchenko, a member of the listing expert council of the Moscow Exchange, Ph.D. in Economics, head of the Financial and Investment Management Department at the Faculty of "Higher School of Management" of the Financial University under the Government of the Russian Federation.