Market Review: Precious Metals Market

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Gold is trading at $4,180 per ounce.

On Tuesday, global gold markets (XAU/USD) have shown a decline of 0.2% and are trading at $4,180 per ounce (31.1 grams) of gold.

Platinum (XPT/USD) has also adjusted by 0.5% and is quoted at $1,645 per ounce (31.1 grams) of platinum.

The main centers of 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 the over-the-counter market reaches around $60 billion.

Review provided 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.