LBMA Media Centre

This is a dedicated area of the LBMA website devoted to keeping you up to date with the latest news updates, as well as past and present Press Releases, Publications and Speeches.

Latest News

Find out what the LBMA and its committees are currently doing.

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Press Releases

Past and present statements and Press Releases from the LBMA.

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LBMA publications past and present including articles from the Alchemist.

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From past and present LBMA conferences, seminars and forums.

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2015 LBMA Forecast Survey Published

Wednesday, January 28, 2015

The full version of the 2015 LBMA Forecast Survey is now available.
A record thirty five analysts representing thirty one different companies participated in the 2015 Forecast Survey. Contributors are forecasting that average gold prices will remain broadly flat, a modest increase in the silver price and a slightly more bullish outlook for both platinum and palladium. 
Contributors are forecasting gold prices to average $1,211 in 2015, a fall of 0.6% against the price in the first half of January 2015. Silver, the worst performing of the four metals in 2014, is forecast to increase in price by 2.1%. Forecasters are more bullish about the prospects of the PGM prices, with platinum predicted to be the best performing with an increase of 5.6% and palladium, forecast to increase by 5.3%.
Click here to read the full survey, which includes analysts’ supporting commentaries.
To help you navigate more easily round the Report the tables are interactive. By selecting the name of a contributor you will be taken directly to their supporting commentary.  Read More

LBMA and TriOptima Eliminate Gold Interest Rate Swap Trades

Monday, January 26, 2015

The London Bullion Market Association (LBMA) and TriOptima, leading provider of OTC derivatives post trade risk services, announce today that twelve market participants eliminated 99% of their outstanding gold interest rate swap (IRS) trades with each other prior to the discontinuation of the Gold Forward Offer Rate (GOFO) fixing on January 30, 2015. Working with the London Bullion Market Association (LBMA) to offer a special triReduce termination cycle prior to the disappearance of the GOFO rate, TriOptima was able to assist the market in tearing up most of the outstanding gold interest rate swap trades that rely on the GOFO Rate to fix and reset these trades.   Read More

LBMA 2014 Precious Metals Forecast Survey Results

Tuesday, January 06, 2015

The London Bullion Market Association is delighted to congratulate the winning analysts in the 2014 Precious Metals Forecast (see table below). The aim of the LBMA Forecast is to predict the average, high and low price for the year ahead in each metal as accurately as possible. The prediction closest to the average price wins (based on the average $ daily pm fixing price). In the event of a tie the forecast range is taken into account. The LBMA is grateful to PAMP SA for its generous donation of the 1 oz gold bars which will be awarded to the 2014 winning analysts in each of the four precious metal categories.   Read More

Appointment of IBA as Third Party Administrator for LBMA Gold Price

Friday, November 07, 2014

The LBMA today announced that ICE Benchmark Administration (IBA) has been selected to be the third-party administrator for the LBMA Gold Price. This consensus was reached during the LBMA’s market consultation, which involved two market surveys, a seminar and meetings with market participants, solution providers and the regulator. IBA, an independent specialist benchmark administrator, will provide the price platform, methodology as well as the overall administration and governance for the LBMA Gold Price. IBA’s proposal meets the LBMA Request for Proposal process criteria as it is electronic, auction-based, tradeable and auditable. The gold price mechanism is also expected to attract an increased number of direct participants.  Read More

London Gold Price Update

Monday, October 27, 2014

The LBMA held a seminar on the 24th October for market participants to assess presentations from possible solution providers for a London daily gold price mechanism. LBMA members, ISDA members and other bullion market participants were in attendance covering all sectors of the international gold market including banks, investment funds, traders, refiners, mining companies, hedge funds, trade associations and end users. Both the Bank of England and the Financial Conduct Authority attended the seminar as observers. .   Read More