London Gold Body’s Legal Fight Exposes Threat to Bullion Market - Bloomberg.com
Source: Bloomberg.com
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DW NOTE
The London Bullion Market Association is in court defending its status as the global gold pricing benchmark. If it loses, the $11 trillion physical gold market fragments into regional pricing regimes — ending the fiction that there's a single global price for a metal that trades in vaults that never move.
Bitcoin fell 0.4% to around $79,700 since midnight UTC while Asian tech stocks rallied. The DeFi index dropped 1.8%, and the Fed is set to begin a two-day meeting.
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The United States has not pressured India to cut crude oil imports from Russia, Indian Oil Minister Hardeep Singh Puri said on Tuesday, as Russian cargo arrivals to the world’s third-largest crude oil importer have declined in recent weeks amid an increase in imports from the Middle East. India’s pu