Scotiabank CEO Porter Says ‘Dated’ Gold Fix Needs Review
This article is for subscribers only.
Bank of Nova Scotia Chief Executive Officer Brian Porter said the process for setting gold prices, known as the London gold fix, is outdated and should be reviewed.
“The fix is dated, it has been around for a long period of time,” Porter said today in an interview on Bloomberg Television. “It should be reviewed and any degree of transparency we could bring to that would be healthy.”