Gold Trades at $4,142 per Troy Ounce in International Markets

© ООО Региональные новости

Gold is trading at $4,142 per troy ounce on international markets.

On Tuesday, in the precious metals market:

- Gold (XAU/USD) is up 0.2%, trading at $4,142 per ounce (31.1 grams).

- Platinum (XPT/USD) is down 0.63%, trading at $1,716 per ounce (31.1 grams).

The main trading venues for precious metals are focused on the London Over-the-Counter 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 over-the-counter (OTC) trading center, where the majority of physical metal exchanges occur through major banks and dealers, setting benchmark prices (fixing) - LBMA (London);

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

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

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