Gold trades at $3,900 per troy ounce on Tuesday

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Gold trades at $3,900 per troy ounce on Tuesday.

In the precious metals market:

- Gold (XAU/USD) is down 1%, trading at $3,900 per ounce (31.1g).

- Platinum (XPT/USD) drops 1.5%, trading at $1,420 per ounce (31.1g).

The main trading hubs 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 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 hub, which is growing by offering physical gold trading and influencing Asian supply and demand, particularly 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.