Market Review: Precious Metals Market

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Gold is trading at $4,200 per ounce.

On Friday, the precious metals market saw:

- Gold (XAU/USD) rose by 0.1%, trading at $4,200 per ounce (31.1 g).

- Platinum (XPT/USD) fell by 1%, trading at $1,650 per ounce (31.1 g).

Key trading platforms for precious metals include:

- Over-the-counter market in London,

- U.S. futures market,

- Shanghai Gold Exchange.

These key trading platforms account for more than 90% of global trading volume.

Notably, the gold market is highly liquid:

- Futures market — daily turnover around $50 billion,

- Over-the-counter market — around $60 billion per day.

The report was presented by Yulia Grishchenko, a member of the Listing Expert Council of the Moscow Exchange, Ph.D. in Economics, and 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.