LBMA liaising with CME Group and US authorities on COMEX gold premium

Reuters
31 Jan
LBMA liaising with CME Group and US authorities on COMEX gold premium

Jan 30 (Reuters) - The London Bullion Market Association (LBMA) said on Thursday that it is liaising with CME Group CME.O and U.S. authorities on the significant premium of COMEX gold HGc1 to the London market XAU=.

"The US gold market has been trading at a premium to the London market since the U.S. presidential election result in late 2024. This happens from time to time in markets around the world," the LBMA said.

London gold market stocks and liquidity remain strong, the association added.

(Reporting by Brijesh Patel in BengaluruEditing by David Goodman)

((Brijesh.Patel1@thomsonreuters.com; Within U.S. +1 651 848 5832, Outside U.S. +91 9590227221; Reuters Messaging: Brijesh.Patel1.thomsonreuters.com@reuters.net))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10