Monetary Metals announces that it is now publishing the gold forward rate (GOFO), calculated using public market data. The MM GOFO™ has better than 0.99 correlation to the historical GOFO published by the London Bullion Market Association (LBMA). The company also publishes the silver forward rate, MM SIFO™.

The forward rate is important to gold mining, refining, jewelry, mint, and industrial manufacturing companies, because their financing and hedging transactions depend on it. However, the LBMA stopped publishing GOFO in January 2015, and SIFO in in November 2012.