(kitco.com) - The Moscow World Standard, an alternative to the London Bullion Market Association (LBMA), could end gold price manipulation and reveal the metal's fair market value, according to Matthew Piepenburg, Commercial Director at Matterhorn Asset Management. Russia is proposing its own international standard for precious metals after getting banned by the London Bullion Market Association (LBMA). The country's Finance Ministry said it is "critical" to create the new Moscow World Standard (MWS) to "normalize the functioning of the precious metals industry" and create an alternative to the LBMA.
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