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London Bullion Market
(redirected from London Gold Market)

   Also found in: Wikipedia 0.01 sec.
London Bullion Market
An over-the-counter market for the trade of gold and silver. One must be a member of the London Bullion Market Association in order to trade on this market. While the Bank of England may regulate the market, the LBMA operates primarily as a self-regulatory organization.


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The LBMA reports that an average of around 20M ounces (650 tonnes) of physical gold changes hands on the London gold market every day.
Software developed by his firm updated prices every two minutes, he stressed, which meant "we will have nearly a real time price compared with the London gold market.
The current world price of gold is established daily by the London Gold Market which trades gold bullion and coins with other financial world centers such as Zurich, Hong Kong , Frankfurt and Paris.
 
 
 
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