Silver Fix Gone; Is Gold Next?

Following Wednesday’s news that the London silver fix is set for the chopping block in August, the question now is, could gold be next? CPM’s Jeff Christian says “it’s a possibility.”

Although there is still time to find a solution, Christian said that a lot of contracts will now have to be renegotiated between trading companies and producers, smelters, refiners and industrial users, which could potentially cause problems

Silver Fix Gone; Is Gold Next?