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Reuters: LME: Banks prepare to scrap LME gold and silver contracts.....From ww.gata.org dispatches: quote Banks prepare to scrap LME gold and silver contracts, sources tell Reuters By Peter Hobson and Pratima Desai Reuters Wednesday, October 13, 2021 LONDON -- A group of banks that partnered with the London Metal Exchange (LME) to launch gold and silver futures in 2017 is preparing to abandon the project after hoped-for volumes did not materialise, three sources with direct knowledge of the matter said. Such a move would end an attempt by the LME, which dominates industrial metals trading, to capture part of London's bullion market, which is the world's largest with gold worth some $17 trillion changing hands last year. ... Dispatch continues below ... end quote |
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