LONDON, 8 August 2014 – Financial news channel Marketplace, produced and distributed by American Public Media, today interviews BullionVault head of research Adrian Ash about the current changes to London's daily gold and silver price "fixings".
Run for more than a century, the Silver Fix ends next week, to be replaced by a new electronic platform and computer algorithm. The Gold Fix is likely to change later this year too, Marketplace explains, and also because of regulatory and media pressure.
Adrian "is not convinced there has been such widespread abuse," says London correspondent Stephen Beard. "But he concedes there has been at least one case of gold fix manipulation."
"I think there is a danger of the reputation of the London bullion market being damaged," Adrian says, risking a long-term shift in global activity to Shanghai.
Listen to the full Marketplace report here:
