CME and LME have said they will pitch for the second precious metals mandate
The London Bullion Market Association (LBMA) and London Gold
Market Fixing (LGMFL) have said they will begin hearing
proposals from exchanges to reform the gold pricing benchmark
in late August.
The announcement came after the LGMFL said this month it wants
to appoint a third-party, such as an exchange, to assume
responsibly for running the gold price discovery process.
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