Daily Market Update

The London Bullion Market Association

The LBMA, or London Bullion Market Association, offers "over-the-counter" (OTC) wholesale trading of gold and silver bullion between members.

The LBMA operates the worlds largest OTC gold market, trading an average of $13.9 billion worth of bullion (equivalent to 18.3 million ounces, or 52,875 Good Delivery bars) each day. Because of its importance to the global bullion trade, the LBMA oversees spot dealing in gold and silver for most of the world.

Gold traded by members of the London Bullion Market Association rarely, if ever, physically leave the vaults in which they are stored. The LBMA relies on paper transfers to denote gold trades, with physical bullion remaining in situ.

LBMA, London Bullion Market AssociationThe LBMA is also responsible for formulating and administering the Good Delivery standard, used to regulate the characteristics of bullion traded within their market. The LBMA also operates the LBMA Good Delivery List, a register of refineries who have been shown to produce gold bullion bars to the required Good Delivery standard. Using these regulations, the LBMA ensures that all gold bought and sold via their trade association is of a uniform purity and value.

Formed in 1987 to formalise the existing Gold Fixing marketplace in London, the LBMA is loosely overseen by The Bank of England and governed by the Financial Services Act 1986. Trading within the LBMA is restricted to its 120 members, most of whom tend to be major international banks or established bullion dealers. All members of the LBMA must be active in the gold trade

Mark OByrne


Gold ETF Assets Climb to Highest Since 2013

Gold and Silver Bullion - News and Commentary Gold ETF Assets Climb to Highest Since 2013 (Bloomberg.com) Gold firm as dollar sinks further (Reuters.com) Australia Is Cashing In on Gold ETFs (Bloomberg.com) South Korea now requires verified ID to trade cryptocurrencies[...]


Buy Gold as Market Crash Coming - Charles Nenner

Gold and Silver Bullion - News and Commentary Gold is "acting as a hedge again" said GoldCore (MarketWatch.com) Gold rises on softer dollar ahead of U.S. inflation data (Reuters.com) Asian markets largely quiet ahead of Lunar New Year holiday (MarketWatch.com) Dalio’s[...]


"Biggest Sell Signal In 5 Years Was Just Triggered" - BofA Sounds The Alarm

Gold and Silver Bullion - News and Commentary Gold’s path to US$1,400 seen cleared by slumping US dollar, equity fears (TaipeiTimes.com) ECB executive warns against currency war (Reuters.com) Coincheck Says It Lost Crypto Coins Valued at About $400 Million (Bloomberg.com) Bitcoin[...]