SUBSCRIBERS
LBMA shines light on London's gold
Published Tue, Aug 1, 2017 · 09:50 PM
London
LONDON'S precious metals vaults held 7,449 tonnes of gold worth US$298 billion and 32,078 tonnes of silver worth US$19 billion as of March 31, the London Bullion Market Association (LBMA) said on Monday, publishing such data for the first time.
These holdings underpin the world's largest gold trading centre, with an average US$18.1 billion in gold trades cleared per day in London in March, according to the LBMA.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Gold flat ahead of US payrolls data, set for second weekly drop
Oil settles near 7-week lows, focus shifts to economy
Exxon-Pioneer deal gets green light from US FTC, Pioneer exec barred from board
Shell maintains pace of buybacks as profit beats estimates
Gold prices drift higher as Fed stands pat on key interest rate
Oil falls to 7-week low on surprise US storage build, Middle East hopes