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Further, the company mentioned that IBA successfully transitioned the former London Gold Fix from its earlier methodology to the independently administered, electronic auction process that now underlies the LBMA Gold Price, in March 2015.
MARKETWATCH FTSE 100 CLOSED: up 24.77 at 6083.31 FTSE 250 CLOSED: up 45.37 at 16885.73 GOLD FIX: 1137.75 ($/oz) SILVER FIX: 953.13 (p/oz) WALL STREET CLOSED: dn 469.68 at 16058.35 TOKYO CLOSED: dn 70.29 at 18095.40
Topics covered impacting the gold price forecast include mergers and acquisitions in the gold space, the gold fix, Indian import restrictions and more.
Global Banking News-June 24, 2015--Chinese central bank could soon approve gold fix
The assets in gold bullion are valued at the market price at December 31, using the London Gold Fix (USD 1,199.25 per ounce of fine gold, or $ 38.56 a gram of fine gold on December 31, 2014).
The Shanghai Gold Exchange, or SGE, is working on plans for China's first forwards and options in gold, sources say, potentially putting China ahead in the race to set an Asian pricing benchmark that might eventually rival the London gold fix.
World index FTSE 100 Sterling Index Gold fix Down 15.73 at 6195.91.
WOLVERHAMPTON: 5.45 Passkey, 6.15 Gold Fix, 6.45 Baan, 7.15 Battimoore, 7.45 Lochan Mor, 8.15 Ordoney, 8.45 Arte Viva, 9.15 Valfurva.
5.45 GRAND ART, 6.15 GOLD FIX, 6.50 ASCENDANT, 7.20 FLOW CHART, 7.55 OBE GOLD, 8.25 NEO'S MATE
At Catterick Mick Channon's Gold Fix drops into selling company and can make the most of a weak field to score in the Ladies' Evening Selling Stakes.
NAOMI MATTHEW: 5.45 Trip The Light, 6.15 Gold Fix, 6.50 Akbabend, 7.20 Emerald Girl, 7.55 Obe Gold, 8.25 Neo's Mate.
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