LONDON BULLION MARKET ASSOCIATION INCREASES MEMBERSHIP FEES AND ALLOWS PAYMENT OF DUES TWO YEARS AHEAD TO IMPROVE ITS FINANCES DURING EXPENSIVE LEGAL ISSUES.
The London Bullion Market Association’s certification program served as a “thick smokescreen” that enabled serious abuses at a Tanzanian gold mine where two men died, lawyers alleged at the start of a London trial
The London Bullion Market Association has raised membership fees and offered the option to pay the dues two years in advance as it seeks to strengthen its finances amid a costly legal challenge
Tether has emerged as a major bullion lender, providing about $1.5 billion in financing to a top US gold dealer after amassing one of the world’s largest private hoards of the precious metal.
HOWEVER, BULLION REMAINS VULNERABLE TO A RENEWED ESCALATION IN MIDDLE EAST TENSIONS, WITH TRUMP HAVING THREATENED FURTHER STRIKES AFTER THE US MIDTERMS AND IRAN WARNING OF WIDER RETALIATION. THE DIP-BUYING RECOVERY FOLLOWS OVERSOLD TECHNICAL SIGNALS, BUT THE OUTLOOK REMAINS DEPENDENT ON DIPLOMATIC PROGRESS AND ENERGY-PRICE MOVEMENTS.