Markets

ICE brings futures trading to London’s $190 billion-a-day physical gold market - Kitco

Source: Kitco

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DW NOTE

ICE is financialising a physical market that exists precisely because participants don't trust paper claims on gold. The LBMA clears $190 billion daily in actual metal transfers — bars moved, weighed, and allocated. Futures contracts are promises to deliver. When the next clearing bank wobbles, watch which market still functions.

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