LBMA Weighs Earlier Gold Auction for Asian Traders as Market Seeks Better Price Discovery
Updated
Updated · Bloomberg · Jun 15
LBMA Weighs Earlier Gold Auction for Asian Traders as Market Seeks Better Price Discovery
3 articles · Updated · Bloomberg · Jun 15
Summary
LBMA is considering moving its morning gold auction earlier, a shift Chief Executive Ruth Crowell said would better fit Asian trading hours.
Singapore remarks from Crowell framed the change as a way to improve price discovery in the Asian time frame, aligning the benchmark process more closely with regional market activity.
Crowell said the market has asked for the adjustment for many years, suggesting demand from Asian participants has been building and that the association now sees the timing as right.