On 21 July, HFW published a briefing saying that the London Bullion Market Association (LBMA) and the World Gold Council recently announced their collaboration on the new Gold Bar Integrity (GBI) initiative. The GBI initiative aims to monitor the movement of gold through the global supply chain, including provenance and chain of custody. It is initiative is currently in its pilot phase but over time, the intention is that it will ensure more sustainable and responsible sourcing throughout the wider international gold market.
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