Gold rises 0.4% to trade at $4030 on global markets on Tuesday

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On Tuesday, gold (XAU/USD) rose by 0.4% and was trading at $4,030 per troy ounce (31.1 grams) of gold on the global precious metals market.

Platinum on the spot market (XPT/USD) fell by 0.2% and was quoted at $1,580 per troy ounce (31.1 grams) of platinum.

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

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

1. The OTC trading center, where the majority of physical metal exchanges occur through major banks and dealers, setting standard prices (fixing) - LBMA (London);

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

3. The key Asian center, which is growing and offers physical gold trading, influencing Asian supply and demand, especially in the context of China - SGE (Shanghai).

The gold market demonstrates high liquidity:

- Futures trading provides an average daily turnover of around $50-70 billion;

- The OTC segment shows even larger volumes — approximately $60-80 billion per day.

This overview was presented by Alexey Grishchenko, Ph.D., Professor of the Department of Operational and Sectoral Management at the Faculty of "Higher School of Management" of the Financial University under the Government of the Russian Federation.