Gold trades at $5,090 per troy ounce on Monday

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Gold prices surged by 2% on Monday, trading at $5,090 per troy ounce.

Precious metals markets saw a notable increase in gold (XAU/USD), with current prices at $5,090 per troy ounce (31.1 grams).

Platinum (XPT/USD) on the spot market also rose by 4%, trading at $2,900 per troy ounce (31.1 grams).

The main trading platforms for precious metals are concentrated in three key hubs:

1. LBMA (London): The over-the-counter (OTC) market where major banks and dealers exchange physical metals, setting standard prices (fixing);

2. COMEX (New York): The primary futures and options exchange for precious metals, setting benchmark prices in the U.S.;

3. SGE (Shanghai): The key Asian hub, which is growing rapidly by offering physical gold trading and influencing Asian supply and demand, particularly in China.

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

Gold markets demonstrate high liquidity:

- Futures trading averages around $50-70 billion per day;

- The OTC segment sees even larger volumes, with approximately $60-80 billion traded daily.

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