Posts Tagged ‘barclays’

Support Grows for Gold Fixing Alternatives

by Christopher Lemieuxon July 7, 2014 6:48 pm BST
The gold industry is supporting the idea for alternative pricing methods to the questionable London gold fixing, which dates back nearly 100 years. Currently, four banks hold a conference twice daily to determine the going rate for the precious metal. There have been recent probes into how the fixing is conducted due to evidence of potential […]

Osborne Aiming to Increase Foreign Exchange Oversight

by Christopher Lemieuxon June 2, 2014 7:32 pm BST
The United Kingdom Chancellor of the Exchequer George Osborne is aiming to increase oversight in the highly unregulated foreign exchange market. Regulators have been actively engaged since Bloomberg News broke news that traders intentionally manipulated currency rates for personal and institutional gains via the one minute window, for major currencies, prior to WM/Reuters updating exchange rates. […]

China Aiming to Influence Gold Markets With Global Platform

by Christopher Lemieuxon May 27, 2014 10:05 am BST
China is aiming to further influence the gold markets, as the Shanghai Gold Exchange (SGE) received the approval to launch a global trading platform. Foreign banks and gold producers were approached and asked to participate with the SGE, which could shift the dominance from financial centers of New York and London in terms of gold […]

Rangold Resources Open to Gold Fixing Alternative; GOLD Turning Bearish

by Christopher Lemieuxon May 26, 2014 9:20 am BST
Rangold Resources Ltd. (GOLD) has used the now-infamous London gold fixing for nearly two decades and is open to gold pricing alternatives as a benchmark for the gold markets. Mark Bristow, Rangold’s chief executive officer, said “the nice thing about the gold fixing is that it takes into account the market. It’s a logical process.” […]