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LBMA may make morning gold auction earlier to suit Asian traders
By Yihui Xie and Preeti Soni
Bloomberg News
Monday, June 15, 2026
The London Bullion Market Association is considering moving its morning gold auction to an earlier time to accommodate traders in Asia.
The potential shift would be "to reflect and to allow price discovery within the Asian time frame," LBMA Chief Executive Officer Ruth Crowell said today. This is "something that I know the market has asked for for many years, but I think it comes at the right time," she told the Asia-Pacific Precious Metal Conference in Singapore.
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Crowell did not specify a new time or times under consideration, or say when the possible change might occur.
The LBMA Gold Price is set twice daily, at 10:30 a.m. and 3:00 p.m London time, in U.S. dollars on an electronic platform. The price is the benchmark used by miners, refiners, investors, and central banks worldwide. ...
The potential shift to an earlier London auction underscores the growing weight of Asian demand in the global bullion market. ...
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