Who Controls the Gold Market? Meet the Five Banks That Settle Every Ounce

Citi just became the first bank to join London’s bullion clearing network in a decade. Here’s who controls gold settlement — and what physical owners need to know about unallocated risk.

Why London Still Sets the Gold Price — and Asia Doesn’t

For almost a century, gold’s price has been set in London — by banks, in a paper market, in the wrong time zone. Hong Kong is building the infrastructure to challenge that. Here’s how it works and what it means.

How COMEX Sets Gold Prices and Moves the Market

COMEX gold prices drive the global market, but most investors don’t fully understand how. This guide explains how gold futures trading on COMEX sets the daily price of gold, why most contracts never result in physical delivery, and how “paper gold” can influence short-term volatility—even when physical demand remains strong.

Paper Gold vs Physical Gold: Which Is Safer?

When markets turn volatile, the difference between paper gold vs physical gold becomes critical. While ETFs, futures, and unallocated accounts offer convenient price exposure inside the financial system, physical gold provides direct ownership outside of it. Understanding counterparty risk, margin-driven volatility, and ownership structure helps investors choose the approach that aligns with long-term wealth preservation and portfolio protection goals.