Loading ...London Gold Bullion Banks To “Open Vaults” In Transparency Push
London’s gold bullion market, which is centuries old, is said to be seeking transparency with plans to reveal how much gold bullion is held in vaults in and around London city according to gold bullion banks. These include gold bullion bars held and controlled by the Bank of England, as reported by Henry Sanderson in the Financial Times.
The move is being led by the London Bullion Market Association and it is said that it will provide data for the first time on how much gold is traded in the London gold bullion market in the Square Mile.