Exchange Launches London Gold Futures

LondonLondon handles nearly $190bn of gold daily, without futures.

Traders shipped gold to the US to avoid tariffs as New York futures topped London prices.

Intercontinental Exchange, the New York Stock Exchange’s owner, ties its contracts to its daily London auction prices.

The London Metal Exchange closed its gold futures in 2022 after five years of low volumes.

CME Group’s New York gold futures averaged roughly $125bn a day in the first half.

Sources: Financial Times News