London Gold Price Benchmark Hits All-Time High at Morning Auction, LBMA Says The London Bullion Market Association (LBMA) reported that the London gold price benchmark reached a new all-time high of $2,083.15 per troy ounce during a morning auction on Monday, eclipsing the former record of $2,078.40 set on December 28. The LBMA plays a crucial role in the global gold market, certifying gold refiners and granting them access to the London bullion market, which is recognized as the largest in the world. The LBMA Gold Price serves as the worldwide benchmark price for unallocated gold delivered in London, making this record-setting price a significant event in the gold market, reflecting its current strength and investor interest. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Historical Data Challenges Assumptions About Rate Cuts and Market Gains READ MORE BRICS Grain Exchange Idea Moves Forward READ MORE Gold Inches Higher as Markets Await Powell's Testimony and Inflation Data READ MORE What Should I Know Before I Sell Gold or Silver? READ MORE Market Watches Fed and Inflation Cues as Gold Steadies at $2,300 READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment