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4 results for “refinery” in Markets
Markets · 8 August 2026
Moving Bullion: The Logistics Nobody Prices
…le, commentators reach for conspiracy, and the true explanation is usually a warehouse, a refinery shift roster and an aircraft. · Custody: who actually owns the bar · The first distinction in bullion logistics is legal rather than physical. Allocated metal consists of specific b…
Ingrid Sørensen · 17 min read
Markets · 2 August 2026
Who Actually Sets the Gold Price
…hmark exists because an enormous volume of contracts needs a defensible reference number: refinery supply agreements, mine hedges, jewellery wholesale terms, fund valuations. What it is not is the place where the price is discovered. Discovery happens continuously, all day, acros…
Ingrid Sørensen · 15 min read
Markets · 20 June 2026
Bring It Home: Central Banks and the Great Gold Repatriation
For half a century it was rational to store your gold in someone else's basement. Then the calculus of counterparty risk changed, and reserve managers started chartering aircraft. · Overseas custody w…
Ingrid Sørensen · 13 min read
Markets · 6 August 2026
Why Central Banks Started Buying Gold Again
For three decades official institutions were net sellers of bullion, and the policy consensus treated the metal as a museum piece. Then, quietly, the world's reserve managers reversed. The reasons are…
Ingrid Sørensen · 17 min read
