Market Update:  Increased transparency in gold trading

Market Update: Increased transparency in gold trading

21.12.2018: On 20 November, LBMA published for the first time weekly average trading volume data through LBMA-i – its new reporting service, which delivers greater transparency and insight into the over-the-counter (OTC) gold and silver markets. The report

On 20 November, LBMA published for the first time weekly average trading volume data through LBMA-i – its new reporting service, which delivers greater transparency and insight into the over-the-counter (OTC) gold and silver markets.


The report includes average trading volumes of the OTC Loco-London and Loco-Zurich markets.



Download our analysis




Since its first report, LBMA-i data from 12 November to 14 December 2018 indicates average daily gold trading volumes of 29 million ounces, with a value of US$35.8 billion.


Gold is a highly liquid market, with notional volumes greater than many major assets classes. And we believe that this new data, in conjunction with our revised estimates of global trade volumes, will help investors better understand the dynamics of the gold market.





Gold trades more than many other financial markets

Average daily trading volumes*


 




*Based on 1-year average trading volumes as of 14 December 2018, except for currencies that correspond to full-year 2016 volumes due to data availability.



**Gold liquidity includes estimates on over-the-counter (OTC) transactions, and published statistics on futures exchanges, and gold-backed exchange-traded products.

 

     
    

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 World Gold Council- also photo

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21.12.2018 / MaP

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