London bullion association launches digital database for gold bars
1. LBMA launches a digital database for gold bars to enhance market transparency. 2. All accredited refineries are expected to comply by 2025.
FAQ
Why Bullish?
Increased transparency may boost investor confidence in gold markets, affecting AAAU positively.
How important is it?
The development can significantly enhance gold's attractiveness as an investment, including AAAU.
Why Long Term?
The compliance by 2025 suggests sustained growth potential in gold investments.