Intercontinental Exchange (ICE) Tuesday announced in London that the Bank of China has been approved by the ICE benchmark administration to participate in the gold auction which is used to determine the London Bullion Market Association (LBMA) gold price, a benchmark physical gold price in the world.
On the same day, the bank stated it was the first Chinese and Asian bank to directly participate at the gold price auction.
The post Bank of China becomes first Asian direct participant in gold auction appeared first on Trunews:.
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