| With the fragmentation of the gold market, as we’re describing in this series on the gold market, the gold price is not reflecting the true balance of demand and supply. It’s reflecting the balance of the demand and supply that’s routed through London and other developed world markets and distribution systems.
This doesn’t represent the entire gold market, and yet gold prices paid between buyers and sellers in the entire gold market are still referenced to the developed world gold markets, particularly the London Gold Fixings...............................................Full Article: Source
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