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8 results for “loco London” in Markets
Markets · 2 August 2026
Who Actually Sets the Gold Price
There is no single gold price. There is a London settlement number, a New York futures curve, a Shanghai premium and a jeweller's counter in Dubai — and the distance between them is where the market lives. · The headline gold price…
Ingrid Sørensen · 16 min read
Markets · 20 June 2026
Bring It Home: Central Banks and the Great Gold Repatriation
…and during the Cold War it was safer outside the likely path of an invasion. · What does 'loco London' mean? It designates gold held in accredited London vaults, the default location for wholesale settlement. A loco London price is a price for metal deliverable there, which is wh…
Ingrid Sørensen · 14 min read
Markets · 17 August 2026
Paper Gold: What You Own When You Do Not Own Bars
…itutions typically hold both. · What is the LPMCL and how does it affect my gold account? London Precious Metals Clearing Limited (LPMCL) is the clearing hub for the London bullion market. Most 'gold' held in bank accounts is an unallocated balance cleared through this system. It…
Ingrid Sørensen · 23 min read
Markets · 8 August 2026
Moving Bullion: The Logistics Nobody Prices
…ehouses and insurance clauses. It rarely makes news, and it is the reason a spot price in London can diverge from a bar in New York. · Allocated custody means specific numbered bars belong to you; unallocated means you are a creditor of the bank, and the difference only becomes v…
Ingrid Sørensen · 15 min read
Markets · 11 September 2026
The Last Audit: What We Actually Know About the World's Official Gold
…mpartments remain intact. · Why do countries store gold abroad? Practicality and history. London and New York are the two dealing centres for official gold, so metal held there can be sold, swapped or settled against without being shipped. Much foreign-held gold is a legacy of th…
Ingrid Sørensen · 22 min read
Markets · 18 August 2026
The Vault Beneath the City
…tral banks, monetary authorities and international institutions that pay to store gold in London because of its deep, liquid bullion market. The UK's own reserves, managed through the Treasury's Exchange Equalisation Account, form a much smaller share of the total and were themse…
Ingrid Sørensen · 22 min read
Markets · 8 September 2026
The Real-Rate Trade: Why Gold Moves When Bond Yields Do
…he long-term unsustainability of the fiscal system itself. A senior macro strategist at a London bullion bank · The years the model worked · From roughly 2005 the fit was remarkable. Real yields ground lower through the financial crisis and the quantitative-easing years, and gold…
Ingrid Sørensen · 25 min read
Markets · 6 August 2026
Why Central Banks Started Buying Gold Again
…ber of central banks that have chosen to repatriate their gold from traditional hubs like London and New York. While the logistical costs of domestic storage are higher, the reduction in jurisdictional risk is deemed a worthwhile trade-off by many treasuries. The shift represents…
Ingrid Sørensen · 14 min read
