"On the Situation in the World Oil Market"

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Gold is trading at $4,209 per ounce.

On Tuesday, gold (XAU/USD) on the global precious metals market showed a decline of 0.1% and is trading at $4,209 per ounce (31.1 grams) of gold.

Platinum (XPT/USD) on the spot market also adjusted by 1.2% and is quoted at $1,672 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 market is characterized by high liquidity — 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.

The review was presented by Yulia Grishchenko, a member of the listing expert council of the Moscow Exchange, PhD 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.