London Bullion Market

The London Bullion Market is a global marketplace where gold and silver are bought and sold, primarily in London. It operates through a network of banks, traders, and dealers that exchange precious metals based on agreed-upon prices. These transactions often involve large quantities and are conducted over-the-counter, meaning there’s no centralized exchange. The market influences the global prices of gold and silver and provides liquidity for investors, central banks, and industries. Despite its name, the London Bullion Market is not a physical marketplace but a financial framework that facilitates the trading, storage, and delivery of precious metals worldwide.