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LME's pitch for share of gold market faces bumpy ride

Cautious participants fear inflexibility and rising costs, with fears of more rules
Tuesday, January 24, 2017 - 05:50

LME says its contracts, which include spot, futures and options, would bring price-setting out of the back rooms of banks by creating a published forward pricing curve for gold and sliver.


FEARS of inflexibility and rising costs are sapping enthusiasm for the London Metal Exchange's new suite of gold contracts, potentially leaving the exchange reliant on the threat of an increasing regulatory burden to drive uptake.

London's US$5 trillion-a-year gold trade has

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