Gold industry sees price rising to $5,013 an ounce over next year
LBMA officials predict gold will reach $5,013 an ounce within a year, with silver, platinum and palladium also forecast to rise sharply amid rate concerns and geopolitical tensions.
Gold Market
Tagged: LBMA
How the Spot Gold Price Is Set and Who Sets It
The spot gold price emerges from a hybrid of London benchmark auctions and electronic futures trading, with central banks and bullion banks playing key roles.
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.
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.
What Good Delivery Means for Gold Bars
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.
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.
How the London gold benchmark is set, and why it matters
Twice a day, a short electronic auction produces the number that prices most of the world's physical gold. Here is how it works.