London and World Gold Council look to regulate OTC Gold market

London and World Gold Council look to regulate OTC Gold market

Change is brewing in London as the the LBMA – the association that oversees the world’s largest gold market – is looking at how best to modernise and improve over-the-counter gold trading.

LBMA Annual Conference

As members of the world’s gold industry meet this week at the LBMA’s annual conference in Vienna, their proposals are being sought on how to bring the gold trading in London up to date.

According to Eddie Van Der Valt reporting today for Bloomberg, London’s bullion market is more than three centuries old and has cleared about $21 billion of gold on average each day through the city this year.

Key considerations for reform include “boosting transparency and… considering a new electronic platform that may lower trading costs and improve efficiency”.

Read more on the blog

GoldCore will be conducting a Webinar next Thursday, October 22nd at 1600 (BST/ London/ UK time) in which we will open up the floor to attendees in our ever popular Question and Answer session.


Register Now and have your question answered by John Butler of Amphora Capital.

Today’s Gold Prices:   USD 1171.65 , EUR 1032.93 and GBP 757.86 per ounce. 
Friday’s Gold Prices:  USD 1176.35, EUR 1035.34 and GBP 761.39 per ounce.



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