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8 results for “Troy ounce” in Markets
Markets · 17 August 2026
Paper Gold: What You Own When You Do Not Own Bars
…livery period and meet the exchange's requirements, yes — you receive a warrant for a 100-ounce or kilobar lot in an approved depository. In practice almost nobody does. Delivery involves full contract value, storage fees and a bar you cannot resell at spot without re-entering th…
Ingrid Sørensen · 23 min read
Markets · 8 August 2026
Moving Bullion: The Logistics Nobody Prices
…ew York prices diverge? Because the two markets trade different things: London trades 400-ounce bars in a spot market, New York trades futures deliverable in 100-ounce and kilobar formats. Arbitrage requires physically moving and often re-casting metal, so when freight, refining…
Ingrid Sørensen · 15 min read
Markets · 18 August 2026
The Vault Beneath the City
…— matters so much to the owner. · Why did Germany repatriate its gold? The Bundesbank announced in 2013 that it would bring home 674 tonnes held in New York and Paris by 2020, completing the move three years early in 2017. Officially the plan was framed around building trust wit…
Ingrid Sørensen · 22 min read
Markets · 2 August 2026
Who Actually Sets the Gold Price
…ly the spot price for unallocated gold held in London vaults, expressed in US dollars per troy ounce. The LBMA Gold Price auction produces a separate benchmark twice each London business day, used to settle contracts. Futures on COMEX trade at a different level again because they…
Ingrid Sørensen · 16 min read
Markets · 11 September 2026
The Last Audit: What We Actually Know About the World's Official Gold
…ning, which can detect a non-gold core — a tungsten-filled bar, for instance — without destroying the sample. Neither method, applied to a five per cent sample, guarantees that a single doctored bar elsewhere in the holding would be caught. Confidence, not certainty, is what a sa…
Ingrid Sørensen · 22 min read
Markets · 20 June 2026
Bring It Home: Central Banks and the Great Gold Repatriation
…ars — a volume that would fit comfortably in a modest living room and a mass that will destroy the floor of most buildings. Move that quantity across a border and you are dealing with armoured transport, aviation weight limits, insurance underwriters and, at each end, a vault tha…
Ingrid Sørensen · 14 min read
Markets · 8 September 2026
The Real-Rate Trade: Why Gold Moves When Bond Yields Do
…years on end, which fueled a massive bull market in gold that took the metal from $35 an ounce to a peak of $850 in 1980. The 1970s taught a generation of investors that gold is the ultimate hedge against a central bank that has lost control. It was only when Paul Volcker pushed…
Ingrid Sørensen · 25 min read
Markets · 6 August 2026
Why Central Banks Started Buying Gold Again
…heir mandates without causing disorderly market moves. If a major central bank were to announce a large-scale buying programme in advance, the resulting price spike would make their own objective harder to achieve. Consequently, the official sector will likely remain the most sig…
Ingrid Sørensen · 14 min read
