- London Bullion Market
- The world's largest market for gold and silver trading. Market makers mainly quote prices in US dollars per troy ounce for spot and forward delivery. It is operated by the London Bullion Market Association (LBMA), whose primary task is to ensure that refiners of gold and silver meet the required standards of quality. The Association maintains close links with the Bank of England, which is responsible for the supervision of the market and for publishing its code of conduct.
Accounting dictionary. 2014.
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London Bullion Market — Der London Bullion Market (engl. bullion: ungemünztes Edelmetall) ist der wichtigste außerbörsliche Handelsplatz für Gold und Silber sowie einer der global bedeutenden Rohstoffhandelsplätze in London. Hier wird seit 1919 der Weltmarktpreis für… … Deutsch Wikipedia
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London Bullion Market — The world s largest market for gold and silver trading. Market makers mainly quote prices in US dollars per troy ounce for spot and forward delivery. It is operated by the London Bullion Market Association (LBMA), whose primary task is to ensure… … Big dictionary of business and management
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London Bullion Market Association — ► See LBMA … Financial and business terms
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bullion — Gold, silver, or some other precious metal used in bulk, i. e. in the form of bars or ingots rather than in coin. Central banks use gold bullion in the settlement of international debts. In the London bullion market, bullion brokers act as agents … Big dictionary of business and management