LME, LBMA Strike Gold

The London Metal Exchange and London Bullion Market Association have begun collecting data to calculate and publish the LBMA Gold Forward Curve, which will use data from the LBMA's eight forward market makers to create forward gold rates up to 10 years forward. Officials say the curve will provide transparency into the OTC bullion market, where only spot rates are published at present, and that the two will collaborate to develop other data series in future.

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