Episode

Citi Joins Elite London Gold Clearing Club | Business and Finance News

Podcast
Business News Today | 2 Min News | The Daily News Now!
Published
Jul 6, 2026
Duration seconds
107
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Summary

Citi just cracked the code on London’s elite gold trading club, becoming the first new clearing member in a decade—and it’s a game-changer for global precious metals markets. Now part of the inner circle with HSBC, JPMorgan, and UBS, Citi will settle trades in gold, silver, platinum, and palladium, moving millions of ounces daily. This breakthrough marks a major win for London Precious Metals Clearing Limited’s eight-year push to open its doors, proving the system is now more transparent and accessible. With more players in the mix, the future looks brighter for competition, stability, and innovation in the world’s most vital gold hub. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/47139409ba0a3c5f