Jump to content

China Construction Bank joins London gold price auction


Recommended Posts

Just catching up on various sitrep stuff.

 

http://www.reuters.com/article/2015/10/22/china-gold-ccb-idUSL8N12M44H20151022

 

The gold auction, which takes place each day at 1030 and 1500 London time, sets the London Bullion Market Association (LBMA) Gold Price, a benchmark used by producers, traders and end-users globally in contracts and transactions.

 

CCB will join the process from October 30, ICE said.

I could be wrong, but I am pretty sure this means gold is heading down hard.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...