Gold Trades at $4,186 per Troy Ounce on International Markets

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Gold is trading at $4,186 per troy ounce on international markets.

On Tuesday in the precious metals market:

- Gold (XAU/USD) is up 0.3%, trading at $4,186 per ounce (31.1 grams).

- Platinum (XPT/USD) is down 0.1%, trading at $1,695 per ounce (31.1 grams).

The main trading venues for precious metals are concentrated in the London over-the-counter market (LBMA), the U.S. 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 main exchange of physical metals takes place through large banks and dealers, setting benchmark prices (fixing) - LBMA (London);

2. The primary futures and options trading venue for 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 at the Faculty of "Higher School of Management" of the Financial University under the Government of the Russian Federation.