Understanding the LBMA Gold Price Auction and Its Difference from Spot Price
The LBMA Gold Price auction is a twice-daily benchmark-setting process, distinct from the continuously fluctuating spot price of gold.
Gold Market
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.