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.
References in periodicals archive ?
Guidance on other markets covered by the NIPS Code has been superseded by the UK Money Markets Code published in April 2017, endorsed by the Bank of Englands Money Markets Committee (MMC); and by the Global Precious Metals Code published in May 2017 by the London Bullion Market Association (LBMA).
Intercontinental Exchange (NYSE:ICE), a operator of global exchanges and clearing houses and provider of data and listings services, has announced that ICE Benchmark Administration (IBA) expects to begin administering the benchmark and operating the Auction underlying the London Bullion Market Association (LBMA) Silver Price from 25 September 2017, subject to regulatory approval, the company said.
INTL's memberships include, but are not limited to, the London Bullion Market Association, the London Platinum and Palladium Market, Singapore Bullion Market Association and now, the Dubai Gold & Commodities Exchange.
By Friday on the London Bullion Market, the price of gold dropped to $1,164.
L'Azurde is also the first company in the Middle East to obtain accreditation from the London Bullion Market Association and has been included on the LBMA Good Delivery List since June 1, 2010.
com/article/2014/11/11/us-russia-gold-cenbank-exclusive-idUSKCN0IV0FJ20141111) Reuters at the London Bullion Market Association in Peru.
At about 0705 GMT on the London Bullion Market, gold dived to $1,167.
The silver price is set once daily at 12:00 by the London Bullion Market Association (LBMA) and is expressed in U.
Republic Metals has received this honour shortly after it was recognised with the addition of its brand to the London Bullion Market Association's 'LBMA' list of good delivery refiners for gold.
Speaking at the Singapore-based Bullion Marker Forum of the annual London Bullion Market Association (LBMA), Lim stressed "comprising a series of six daily contracts, the contract will give physical users access to competitively-priced kilobars".
5 kilograms, according to the London Bullion Market Association.
Gold prices have fallen from a high of $1896 per ounce in September 2011 to $1,321 per ounce in September 2013, according to the London Bullion Market Association.

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