London Bullion Clearing Network Expansion
Expansion of London's bullion clearing infrastructure through new bank participation makes the precious metals market more accessible and robust
Too little corroboration in the last 3 days to call a trend (7 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"South Korea's central bank will buy gold from local producers to diversify its sources of supply and increase its holdings of the precious metal."
"Matthew Piepenburg noted that gold and silver have fallen by greater than 20% from their January highs of 2026 and some market participants have questioned whether the bull run is exhausted. However, he added that 'it is only just beginning,' citing structural demand from central bank buying and a weakening dollar."
"By increasing the number of approved suppliers and expanding eligible bullion categories, MCX aims to improve liquidity, enhance delivery efficiency and provide greater flexibility to participants in the gold futures market."
"By expanding its market infrastructure and strengthening cross-border connectivity with mainland China, the city aims to attract greater participation from international investors, bullion traders and financial institutions."
"By joining the clearing system, Citi will play a direct role in the settlement infrastructure that underpins global trading in gold and other precious metals. The move expands the small clearing network that supports London's bullion market, where around $160 billion worth of precious metals transactions are conducted daily."
"Citi's approval represents LPMCL's first major expansion since the organization began restructuring eight years ago as part of broader efforts to modernize the institutions supporting London's bullion market. The restructuring initiative aimed to simplify membership requirements and improve governance transparency to encourage greater participation."
"Citi's entry is also notable as it is the first addition to the London bullion clearing group in a decade, reflecting progress in reforms designed to make the market more accessible to new participants. LPMCL said Citi's admission highlights the effectiveness of its revised membership process, demonstrating that the clearing and settlement framework for the world's largest over-the-counter precious metals market is becoming more open to new entrants."