⚡️ GOLD JUST GOT A NEW BATTLEGROUND.
ICE, the owner of the NYSE, is launching gold futures in London the heart of the global physical bullion market.
And the numbers are massive.
London handles nearly $190 BILLION in OTC gold trading every day and holds roughly $1.4 TRILLION worth of bullion.
It also plays a critical role in global gold price discovery.
Now ICE is bringing its futures market closer to where the physical metal actually sits.
That matters.
New York has dominated gold futures for years.
But physical gold is increasingly concentrated in London and geopolitical tensions are reshaping where institutions want their bullion held.
The Dutch central bank recently moved more than 78 TONNES of gold from New York to London.
The message is getting harder to ignore:
Gold’s global market structure is changing.
And ICE wants to be at the center of it.
#Gold #Markets #Finance #Commodities #Investing $XAU $XAUT
ICE, the owner of the NYSE, is launching gold futures in London the heart of the global physical bullion market.
And the numbers are massive.
London handles nearly $190 BILLION in OTC gold trading every day and holds roughly $1.4 TRILLION worth of bullion.
It also plays a critical role in global gold price discovery.
Now ICE is bringing its futures market closer to where the physical metal actually sits.
That matters.
New York has dominated gold futures for years.
But physical gold is increasingly concentrated in London and geopolitical tensions are reshaping where institutions want their bullion held.
The Dutch central bank recently moved more than 78 TONNES of gold from New York to London.
The message is getting harder to ignore:
Gold’s global market structure is changing.
And ICE wants to be at the center of it.
#Gold #Markets #Finance #Commodities #Investing $XAU $XAUT
