Gold Trades at $4,000 per Troy Ounce in International Markets

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Gold trades at $4,000 per troy ounce on international markets.

On Tuesday, precious metals markets saw the following changes:

- Gold (XAU/USD) fell by 0.1%, trading at $4,000 per ounce (31.1 grams).

- Platinum (XPT/USD) rose by 0.2%, trading at $1,500 per ounce (31.1 grams).

The main trading hubs for precious metals are concentrated in 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 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, setting benchmark prices in the U.S. - COMEX (New York);

3. The key Asian hub, 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 Higher School of Management at the Financial University under the Government of the Russian Federation.