GOLD NEWS

LBMA Net Clearing Data (Daily Averages): February 2024

Wed April 03 2024

Daily Averages Gold Clearing Data - February 2024

The volume of gold transferred in February decreased by 12.4% month on month (m/m) to 17.8 mn ounces, with the corresponding value transferred down 12.9% m/m to $36 bn. There were 4,593 transfers, 8.4% lower m/m, with the clearers settling on average 3,876 ounces per transfer, 4.4% lower m/m.

Daily Averages Silver Clearing Data - February 2024

For silver, the volume of ounces transferred increased by 3.6% m/m to 231.5 mn ounces, with the corresponding value transferred up 2.4% m/m to $5.3 bn. The number of transfers increased by 8.4% m/m to 1,411, with the clearers settling on average 164,070 ounces per transfer, 4.4% lower m/m.

The average gold/silver price ratio in February increased to 89.2 from 88.6 in January.

Source: https://www.lbma.org.uk/