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Where gold trade goes if London loses its grip
By Eddie Van Der Walt and Ranjeetha Pakiam
Bloomberg News
Friday, October 13, 2017
London is facing challenges on multiple fronts to its centuries-old status as the place where the world trades gold.
Two U.S.-based exchanges, CME Group Inc. and Intercontinental Exchange Inc., have created new ways of buying and selling precious metals. So has the London Metal Exchange.
Trade volume in New York is rising, and China, where most of the metal ends up, is giving investors new ways to bet on gold’s price. All of this is a threat to London's over-the-counter market, historically the leading player in global trade of bullion. ...
... For the remainder of the report:
https://www.bloomberg.com/news/articles/2017-10-13/where-gold-trade-goes...
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