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LBMA Mulls Morning Gold Auction to Boost Asian Trading

6/15/2026

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Summary

Story summary

The London Bullion Market Association (LBMA) is weighing a morning gold auction that CEO Ruth Crowell says will align with Asian trading hours, aid discovery, and was announced in Singapore.
The LBMA Gold Price is set at 10:30 a.m. and 3:00 p.m. in U.S. dollars and benchmarks miners, refiners, investors and central banks.
Gold spot prices hit a record high earlier this year but fell after the U.S.–Iran war began.

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Story summary

The London Bullion Market Association (LBMA) is weighing a morning gold auction that CEO Ruth Crowell says will align with Asian trading hours, aid discovery, and was announced in Singapore.
The LBMA Gold Price is set at 10:30 a.m. and 3:00 p.m. in U.S. dollars and benchmarks miners, refiners, investors and central banks.
Gold spot prices hit a record high earlier this year but fell after the U.S.–Iran war began.