World Gold Council to standardize Gold in kilobar

ArticleMining sectorJanuary 26, 2018 - 7:12:57 AM

The World Gold Council (WGC) is considering a global standard for 1 kilogram gold bars.

The World Gold Council (WGC) is considering a global standard for 1 kilogram gold bars so they could be used as collateral in futures markets and potentially encourage demand.

The aim of standardizing Gold is to include companies from the world of gold refining, banks and brokers that trade the precious metal in the futures and physical markets, and the London Bullion Market Association (LBMA).

Source:scrapregister.com

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