Is it time to give up the gold resolve?

Posted by admin on July 8th, 2014 in Investing

Bloomberg’s Jessica Howard reports on the method of repairing the every day cost of gold in London

The Planet Gold Council meets on Tuesday to attempt and come up with a new way of pricing the commodity.

It comes as the London Bullion Market Association prepares to announce their ideas to change the way silver is priced.

According to estimates, around £220bn of gold modifications hands in London every day alone.

Supply: Bloomberg

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