********************* New global system for trading gold prices

Date: 19/03/2015 20:44

Information / follow-up / ..




Kicks off day, Friday, March 20th a new global system to determine the price of gold, ending the era of continued system nearly 100 years it was confined to determine the price of gold on the four players only.

And since 1919 has been to determine the price of gold through the trading sessions per day for the representatives of the four largest banks in the world (Scotia Mocatta, HSBC, Societe Generale, Barclays Capital), are members of the London market Precious Metals Association.

He criticized a lot of economists in recent years, such a system, saying it does not adequately reflect the actual results of trading in the global market and leave the "gaps" to manipulate.

Beginning on Friday, a new system is to allow the auction to the highest number of players to participate in it will start, aims to extinguish more transparency to the trading by increasing the number of participants.

Market analysts believe that the new system will reflect the findings of fact, better trading, amid expectations that China will play an important role in Altsair.


http://translate.googleusercontent.com/translate_c?depth=2&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=http://almaalomah.com/news/14655/%25D9%2586%25D8%25B8%25D8%25A7%25D9%2585-%25D8%25B9%25D8%25A7%25D9%2584%25D9%2585%25D9%258A-%25D8%25AC%25D8%25AF%25D9%258A%25D8%25AF-%25D9%2584%25D8%25AA%25D8%25AF%25D8%25A7%25D9%2588%25D9%2584-%25D8%25A3%25D8%25B3%25D8%25B9%25D8%25A7%25D8%25B1-%25D8%25A7%25D9%2584%25D8%25B0%25D9%2587%25D8%25A8-&usg=ALkJrhgWoNI1tDl1RkHtCMiPlnDp74XcUg