London and World Gold Council look to regulate OTC Gold market Change is brewing in London as the the LBMA – the association that oversees the world’s largest gold market – is looking at how best to modernise and improve over-the-counter gold trading. LBMA Annual Conference As members of the world’s gold industry meet this week at the LBMA’s annual conference in Vienna, their proposals are being sought on how to bring the gold trading in London up to date. According to Eddie Van Der Valt reporting today for Bloomberg, London’s bullion market is more than three centuries old and has cleared about $21 billion of gold on average each day through the city this year. Key considerations for reform include “boosting transparency and… considering a new electronic platform that may lower trading costs and improve efficiency”. Read more on the GoldCore.com blog GoldCore will be conducting a Webinar next Thursday, October 22nd at 1600 (BST/ London/ UK time) in which we will open up the floor to attendees in our ever popular Question and Answer session. Register Now and have your question answered by John Butler of Amphora Capital. DAILY PRICESToday’s Gold Prices: USD 1171.65 , EUR 1032.93 and GBP 757.86 per ounce. Friday’s Gold Prices: USD 1176.35, EUR 1035.34 and GBP 761.39 per ounce.(LBMA AM) IMPORTANT NEWS Rare 1794 silver dollar sells for nearly $5 million – Tuscon.com Asian shares near two-month high ahead of China data – Reuters Deutsche Bank Restructures Business Units, Senior Management – Bloomberg Goldman Says China Has Tamed the Yuan Bears – Bloomberg Asia stocks near two-month highs on encouraging China data – Bloomberg IMPORTANT ANALYSIS London Gold Market Under Scrutiny as Bullion World Gathers – Bloomberg China’s Selling Tons of U.S. Debt. Americans Couldn’t Care Less – Bloomberg Gold flow from West to East to end in short squeeze – Tocqueville Sovereign wealth funds are flogging assets – and that means big trouble – MoneyWeek Big Banks, Serious Trouble – DollarCollapse.com Read more News & Commentary on GoldCore.com Download Essential Guide To Storing Gold In Singapore Breaking News and Research Here Follow GoldCore on https://twitter.com/goldcore!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs");, Facebook, LinkedIn