2014-07-22
gata.org / By Thomas Biesheuvel / 2014-07-22 12:32
Hambro ‘Horrified’ by Tampering of London Gold Fix
By Thomas Biesheuvel
Bloomberg News
Tuesday, July 22, 2014
http://www.bloomberg.com/news/2014-07-22/hambro-horrified-by-tampering-o…
LONDON — Peter Hambro, chairman of gold producer Petropavlovsk Plc, said he was “horrified” by the manipulation of the London fix given its importance to the industry.
“When I read the reports on what people had been doing to it, I was horrified,” Hambro said in an interview today. “It is something that is really important to people in the industry. It’s something that we use in a big way as we deliver our gold. That’s how we price.”
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