London gold and silver market considers early auction time to cater to Asian market According to Golden Finance, on June 15th, the London Bullion Market Association (LBMA) is considering advancing the morning gold auction time to meet the needs of Asian traders. LBMA CEO Ruth Crowel stated on Monday that the potential adjustment is aimed at "reflecting market conditions during the Asian period and promoting price discovery during that period. She said at the Asia Pacific Precious Metals Conference held in Singapore, "I know the market has been hoping to achieve this for many years, but I think now is the right time." However, Crowel did not specify the new time or specific period being considered, nor did she disclose when this potential adjustment may be implemented. (Note: LBMA gold prices are published twice a day in US dollars via electronic platforms at 10:30 am and 3:00 pm London time.). This price is the benchmark price adopted by global miners, refiners, investors, and central banks