18
August
Daily gold transfers fall in July - LBMA
18 August 2009 Forbes
Gold ounces transferred between accounts held by bullion clearers fell 13.6 percent to a daily average of 17.7 million ounces in July from a month earlier, the London Bullion Market Association (LBMA) said on Monday.
The clearing statistics measure how much gold and silver are transferred on a net basis between the accounts held at the bullion clearers.
Based on an average fixing of $934.23 an ounce, 1.2 percent below the June average, value fell to a daily average of $16.5 billion. The number of transfers declined 14.2 percent to a daily average of 1,317.
