APAC PRECIOUS METALS CONF: Launch of LBMA pre-morning gold price still elusive

There is no timeline on when the pre-morning gold auction price will be launched, but the Singapore Bullion Market Assn (SBMA) is still interested in launching it given the interest in a gold price benchmark in Asia, SBMA executive director Hawk Namiki told Metal Bulletin.

An additional gold auction to set a pre-morning price was mooted late last year by the London Bullion Market Assn (LBMA) but when such a price could be launched remains elusive.

The LBMA announced in October last year that it, along with the SBMA and ICE Benchmark Administration (IBA), will consult market participants about setting an additional price...


Vivian Teo

June 06, 2017

11:02 GMT