How the LBMA Gold Price Auction Works and Differs from Spot
The LBMA Gold Price auction is a twice-daily benchmark-setting process that differs fundamentally from the real-time spot price traded on exchanges.
Gold Market
The LBMA Gold Price auction is a twice-daily benchmark-setting process that differs fundamentally from the real-time spot price traded on exchanges.
The LBMA Gold Price auction is a twice-daily benchmark-setting process, distinct from the continuously fluctuating spot price of gold.
Twice a day, a short electronic auction produces the number that prices most of the world's physical gold. Here is how it works.