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News / / 11.12.20

Financial Times: London gold body warns trade centres over ethical sourcing

London’s gold market association has warned countries that are centres for trading the yellow metal that they risk being blacklisted as suppliers unless they ensure gold entering the market is responsibly sourced.

The London Bullion Market Association wrote to countries including the United Arab Emirates, the US, UK and Switzerland saying there was a risk unethical gold was entering global markets.

“Not all international bullion centres are currently operating to the same responsible sourcing standards,” said the letter, seen by the Financial Times. “These inconsistencies in standards could have a significant impact on the international market should they remain unaddressed…”

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