Gold Market News Directory

CME Group Interested in Running London Gold Fix

Reuters reported that CME Group said today that it's interested in administering the London gold fix with Thomson Reuters. The two firms were recently named the new operators of a new silver benchmark that will replace the London silver fix.

Ross Norman Still Believes in the London Gold Fix

Ross Norman, CEO of Sharps Pixley, posted another article on the merits of the London gold fix, which is currently undergoing some scrutiny from gold industry members. However, while Norman believes that "the fix is optimal in deriving a fair price for gold," he does see the value in making some changes.

“No Clear Evidence” of Gold Manipulation, Says FCA

Bloomberg reported that according to David Bailey of the UK's Financial Conduct Authority (FCA), there is "no clear evidence" of manipulation during the London gold fix. That said, Bailey noted that it's still possible that manipulation has occurred.