Business & Finance
London Gold Market Weighs Earlier Auction to Suit Asian Traders
Key Points
London Gold Market Weighs Earlier Auction to Suit Asian Traders The London Bullion Market Association is considering moving its morning gold auction to an earlier time to accommodate traders in Asia. The potential shift would be “to reflect and to allow price discovery within the Asian time frame,” LBMA Chief Executive Officer Ruth Crowell said on Monday. This is “something that I know the market has asked for for many years, but I think it comes at the right time,” she told the Asia-Pacific...
London Gold Market Weighs Earlier Auction to Suit Asian Traders
The London Bullion Market Association is considering moving its morning gold auction to an earlier time to accommodate traders in Asia.
The potential shift would be “to reflect and to allow price discovery within the Asian time frame,” LBMA Chief Executive Officer Ruth Crowell said on Monday. This is “something that I know the market has asked for for many years, but I think it comes at the right time,” she told the Asia-Pacific Precious Metal Conference in Singapore.