Market watchers are growing concerned that the Fed will raise interest rates sooner rather than later. Silver, copper and oil prices also took hits this week.
The Wall Street Journal reported that China Construction Bank Corp. (HKEX:0939) has become the first Chinese bank to participate in the LBMA Silver Price. According to the news outlet, the news illustrates “the country’s footprint in global financial markets.”
On March 20, 2015, the London gold fix will be replaced by the LBMA gold price. Here’s a breakdown of what exactly that transition will mean for investors and for the gold price.
Prosecutors from the Department of Justice’s antitrust division are looking at the London price-setting processes for gold, silver, platinum and palladium, while the CFTC has opened a civil investigation.
Full-year silver price estimates for 2015 are looking fairly conservative, but the consensus seems to be that a weak start to the year may lead to a stronger finish. Read on to find out more about what’s in store for the white metal moving forward.
This morning, the London Bullion Market Association (LBMA), CME Group Inc. (NASDAQ:CME) and Thomson Reuters Corp. (NYSE:TRI) launched the LBMA Silver Price, and many are wondering what the news means for silver prices.
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