There is always talk about “secret” gold trades. What’s happening behind the scenes, what trades aren’t run through exchanges? Is someone manipulating the market? Underneath all these thoughts is: Is something happening that I should know about?
To increase transparency and (hopefully) stop much of the speculation, the London Bullion Market Association (LBMA) will start publishing more detailed market data starting November 20th.
As the largest gold market in the world, “it is hoped” (always love that phrase) that publishing more specific data about London transactions will help traders assess the gold market, and quell thoughts and rumors about hidden trades. You can read all about it in today’s featured article. Then let us know if you think this will help stop all the talk about hidden trades and market manipulation.
Continue reading at Reuters.com