Gold Hits $4,334 as LBMA Mulls Earlier Asian Auction

Gold rallied nearly 3% to a one-week high of $4,334 an ounce on June 15, 2026, as the London Bullion Market Association weighs moving its morning benchmark auction earlier. The proposed shift aims to improve price discovery and liquidity during Asian trading hours, reflecting Asia's growing influence in global bullion markets. The LBMA currently conducts fixes at 10:30 a.m. and 3:00 p.m. London time. Momentum also lifted the GLD ETF by 3.58%, supported by cooling geopolitical tensions after the U.S.-Iran peace deal. The structural debate adds a long-term tailwind beyond the immediate price surge.