• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Precious Metals Market
    Precious Metals News
    Precious Metals Stocks
    • Precious Metals Market
    • Precious Metals News
    • Precious Metals Stocks
    gold investing

    ICE Benchmark Administration to Take Over London Gold Fix

    Charlotte McLeod
    Nov. 07, 2014 03:20PM PST
    Precious Metals

    Reuters reported that the London Bullion Market Association (LBMA) has put ICE Benchmark Administration in charge of the London gold price fix.

    Reuters reported that the London Bullion Market Association (LBMA) has put ICE Benchmark Administration in charge of the London gold price fix. ICE will take over in the first quarter of 2015 and will put an electronic system in place.

    As quoted in the  market news:

    ‘We look forward to working closely with the LBMA and the precious metals industry as we deliver an IOSCO-compliant benchmark that fulfils the requirements of market participants in an efficient and transparent manner,’ ICE Benchmark Administration president Finbarr Hutcheson said.

    Since 1919 and up until 2014, representatives from a handful of banks had agreed a price daily on which their customers – producers, consumers and investors – could trade and value the metals.

    But a regulatory push for more transparency has heralded a move to electronic solutions that display selling and buying order volumes.

    Click here to read the full Reuters report.

    precious metals industrygold investing
    The Conversation (0)

    Go Deeper

    AI Powered
    A small golden plane.

    Why is Gold Being Flown From London to New York?

    iShares Gold Trust Micro

    Latest News

    New exploration prospects defined at Beete Project, Western Australia

    Freegold Continues to Intersect Higher-Grade in WOW Zone Intersecting 2.31 g/t Au over 65.4m

    Sranan Gold Files Technical Report for the Tapanahony Gold Project in Suriname

    Apollo Increases Measured and Indicated Silver Resource Estimate at Calico Project

    Brunswick Exploration Starts Maiden Drilling Program at Anatacau Main

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Precious Metals Stocks

    Aurum Resources

    AUE:AU

    Triumph Gold

    TIG:CA

    Horizon Minerals

    HRZ:AU

    Alice Queen

    AQX:AU

    Pinnacle Silver and Gold

    PINN:CC

    1911 Gold

    AUMB:CC
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×