- Signaling a likely move to an electronic platform, London Gold Market Fixing, Ltd - working on behalf of the gold-fixing banks HSBC, SocGen, and Scotiabank - launches a request for proposal process with a view to appointing a new administrator for the benchmark.
- "It is sensible to say that based on the feedback received for the silver alternative, the reformed gold system will also be electronic, auditable and transaction-based," says a London Bullion Market Association spokesman.
- Previously: CME and Thomson Reuters to operate silver fix
- ETFs: GLD, IAU, SGOL, UGL, DGP, GLL, UGLD, DZZ, GLDI, DGL, DGZ, AGOL, DGLD, OUNZ, TBAR, UBG, GLDE, GYEN, GLDL, GLDS, GEUR, GGBP