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The size of so-called Loco London free float, the amount of gold readily available to the London OTC market stored in London, has fallen after the jump in supplies to New York.
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In London, this activity thinned liquidity in the OTC market, which the LBMA oversees, and prompted a race among London bullion market players to borrow gold from central banks, which store their ...
Philip Smith discusses gold market disruptions and pricing disparities on Sky News Arabia, citing tariff uncertainty and increased U.S. imports.
This in turn boosted demand from players in London who are ready to lease their gold and make it available to the OTC market.
LONDON (Reuters) -London bullion market players are racing to borrow gold from central banks, which store bullion in London, following a surge in gold deliveries to the United States on speculation of ...
LONDON, - London bullion market players are racing to borrow gold from central banks, which store bullion in London, following a surge in gold deliveries to the United States on speculation of ...
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