A group of banks, financial firms and blue-chip companies has drawn up trading guidelines designed to boost activity in the auctions that set gold and silver benchmark prices used around the world and make them more reliable. The benchmarks are intended to be a fair and accurate snapshot of the fast-moving spot market. On Oct. 29, for example, the afternoon gold benchmark was set at $1,769.15, $1.95 below the lowest level reached on the spot market that day, data from Refinitiv Eikon shows -- costing sellers money and gifting buyers a bargain.
Gold is 0.1% higher this morning, as it is still trading sideways. What about the other precious metals?