Reuters exclusively reports banks prepare to scrap LME gold and silver contracts - Reuters News Agency
Business & FinanceEnvironment

Reuters exclusively reports banks prepare to scrap LME gold and silver contracts

Reuters exclusively reported that a group of banks that partnered with the London Metal Exchange (LME) to launch gold and silver futures in 2017 is preparing to abandon the project after hoped-for volumes did not materialize. Such a move would end an attempt by the LME, which dominates industrial metals trading, to capture part of London’s bullion market, which is the world’s largest with gold worth some $17 trillion changing hands last year.

Article Tags
Topics of Interest: Business & FinanceEnvironment
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Europe
Countries: England
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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