Market Review: Precious Metals Market

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Gold traded on Monday at $4,207 per ounce.

In the precious metals market, gold (XAU/USD) is showing a 0.2% increase, with the current quote at $4,207 per ounce (31.1 g).

Platinum on the spot market (XPT/USD) is growing by 0.7%, trading at $1,655 per ounce (31.1 g).

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

These three centers account for more than 90% of global trading volume.

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

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

- The over-the-counter segment (OTC) shows even larger volumes — around $60 billion per day.

Review 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.