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LBMA liaising with CME Group, US authorities on COMEX gold premium
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LBMA liaising with CME Group, US authorities on COMEX gold premium
Jan 30, 2025 1:02 PM

Jan 30 (Reuters) - The London Bullion Market Association

(LBMA) said on Thursday it is liaising with CME Group ( CME )

and U.S. authorities on the significant premium of COMEX gold

to the London market.

"The US gold market has been trading at a premium to the

London market since the U.S. presidential election result in

late 2024. This happens from time to time in markets around the

world," the LBMA said.

London gold market stocks and liquidity remain strong, the

association added.

U.S. gold futures rose to an all-time high of

$2,853.20 per ounce on Thursday, trading at a more than $50

premium to London spot prices, which hit a record high of

$2,798.24 an ounce.

The CME Group ( CME ) and U.S. Commodity Futures Trading

Commission did not immediately respond to a request for comment.

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