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London gold association calls for city to revive plans for futures contract
By Leslie Hook
Financial Times, London
Wednesday, October 22, 2025
The new chair of the London Bullion Market Association has called for the revival of gold futures trading in the UK, despite the failure of earlier attempts to establish a derivatives contract in the world's $35 trillion-a-year physical gold trading capital.
Peter Zoellner, whose association represents bullion trading banks, said previous efforts to launch gold futures contracts in London had come too soon but added that the global gold market would benefit from having "two or three places with decent liquidity."
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"I think it makes sense that the gold market can trade on different venues," said Zoellner in an interview with the Financial Times. "Sometimes people start something a bit too early. Maybe we are in a different situation."
He added that any decision would ultimately be up to the exchanges, which would structure and list such a product. ...
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https://www.ft.com/content/1722102c-29dd-4173-9981-daa322ddb124
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