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LME News: Gold Futures Business to Finally Open | The Mesh Report

LME News: Gold Futures Business to Finally Open

Mike Hammer July 10, 2017 Comments Off on LME News: Gold Futures Business to Finally Open

After 5 years of talking, planning, and — who knows what else — the long-anticipated London Metals Exchange finally opens its gold futures business today.  Touted as a bold step into the future, the new contracts are competition for existing London gold futures purveyors such as LBMA, and Sharps Pixley, and …just about every broker you can think of.  Yes, that’s right, we Yanks tend to think of “London gold trading” happening in one place, like a US stock exchange, but the reality is much more complicated.  And convoluted.

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