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Changes in store for London gold market at bullion meet?

Ways to 'modernise' the market being explored, including standardised central clearing and listed derivatives

London's bullion market dates back more than three centuries. About US$21 billion of gold has been cleared on average each day through the city this year.


THE gold industry won't just be guessing where prices are heading at its annual gathering in Vienna this week. It will ponder how to change London's spot market, the biggest in the world.

The London Bullion Market Association, which oversees trading and is holding its annual