LATEST NEWS : The new London gold ‘fix’ – the battle has commenced

With the new procedures for setting London benchmark prices for silver (Thomson Reuters/CME Group) and platinum and palladium (The LME) the battle for the big prize – setting the London benchmark gold price (the gold fixing as it has been designated for much of the past century) – commenced with a seminar on October 24th in London.

This was conducted by the London Bullion Market Association (LBMA) and provided the five entities in the frame for setting the new benchmark the opportunity to present their cases.

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