New era of gold benchmarking to start with handful of pioneers – Reuters

3/19/2015 – A handful of banks will start setting gold prices electronically on Friday, sources with direct knowledge of the matter said, as Intercontinental Exchange completes a sweeping change to London’s bullion benchmarks and dispenses with the century-old gold “fix”.

Since 1919, representatives from four or five banks have agreed a twice-daily price on which their customers – producers, consumers and investors – could trade and value gold.

Sweeping reform triggered … read more

What does the change in the gold fix mean for silver?

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