ICE Benchmark Administration (IBA) has been appointed as the new administrator of the LBMA Gold Price. IBA will assume this responsibility in early 2015.

The LBMA Gold Price will replace the Gold Fixing Price which has been in existence since September 1919. The price is set in London twice a day and provides a published benchmark price for gold that is widely used as an international pricing medium by producers, consumers, investors and central banks.

View ICE Benchmark Administration to become new administrator of the LBMA Gold Price, 7 November 2014