What the London Gold Vaults Hold and Who Owns It
London's vaults store vast quantities of gold owned by central banks, commercial banks, ETFs, and private investors, with the LBMA setting standards.
Gold Market
London's vaults store vast quantities of gold owned by central banks, commercial banks, ETFs, and private investors, with the LBMA setting standards.
The Good Delivery standard is a set of strict specifications for gold bars accepted in the London over-the-counter market, ensuring quality and facilitating global trade.
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.