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GoldCore: Can GOFO avoid scrutiny other benchmark rates are facing?
11a ET Monday, September 8, 2014
Dear Friend of GATA and Gold:
With another interest-rate benchmark, ISDAFIX, coming under suspicion, GoldCore's daily commentary today wonders whether the London Bullion Market Association's Gold Forward Offered rate, better known as GOFO and used for various gold-related financial transactions, can escape scrutiny much longer. GoldCore's commentary is headlined "As ISDAFIX Becomes Next LIBOR, Can GOFO Manage To Avoid the Spotlight?" and it's posted at GoldCore's Internet site here:
https://www.goldcore.com/goldcore_blog/As_ISDAFIX_Becomes_Next_LIBOR_Can...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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