London Bullion Market

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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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This follows the announcement by the London Gold Market Fixing Limited that it will cease to administer the London Gold Fix as of close of business on March 19, 2015.
March 14, 1968 was designated a non-statutory bank holiday in the sterling crisis, allowing the London gold market to be closed.
Barclays became the first bank to be fined over attempted manipulation of the 95-year-old benchmark London gold market daily "fix" last week.
The price of gold is decided, twice, each business day in London by members of The London Gold Market Fixing.
The LBMA is an international industry organization representing gold and silver bullion wholesalers, which establishes and manages the standards for gold and silver circulating on the London Gold Market and the London Silver Market, in addition to certifying companies and minting authorities that pass stringent reviews to be registered on the lists of authorized refiners.
The benchmark for gold prices is the goldfixing price determined by the five members of the London Gold Market Fixing LTD through balancing some buyers' and sellers' offers.
The primary objective of this paper is to explore the long-run and short-run dynamics among Bombay stock market, US stock market and London gold market.
Sales to France and in the London gold market to stabilize the market price around the official price accounted for much of this total.
Central Japan Commodity Exchange has obtained an approval of the Board of Directors of the London Gold Market Fixing Ltd.
Before joining CME as Managing Director, International Energy, Fraenkel was Global Head of Commodities at Credit Agricole CIB, Global Head of Energy, Base Metals and Agriculture at JP Morgan Chase, and Chairman of the London Gold Market Fixing Ltd.
Traders relay shifts in supply and demand to clients during the calls and take fresh orders to buy or sell as the price changes, according to the website of London Gold Market Fixing Ltd, where results are published.
The LBMA is an international industry organization representing gold and silver bullion wholesalers operating globally out of London including central banks, individual investors, mining companies, refining companies and bullion traders, which establishes and manages the standards for gold and silver circulating on the London Gold Market and the London Silver Market, in addition to certifying companies and minting authorities that pass stringent reviews to be registered on the lists of authorized refiners.

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