LBMA liaising with CME Group, US authorities on COMEX gold premium

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Jan 30 (Reuters) - The London Bullion Market Association (LBMA) said on Thursday it is liaising with CME Group CME.O and U.S. authorities on the significant premium of COMEX gold <GCcv1> to the London market XAU=.

"The US gold market has been trading at a premium to the London market since the U.S. presidential election result in late 2024. This happens from time to time in markets around the world," the LBMA said.

London gold market stocks and liquidity remain strong, the association added.

U.S. gold futures GCv1 rose to an all-time high of $2,853.20 per ounce on Thursday, trading at a more than $50 premium to London spot prices XAU=, which hit a record high of $2,798.24 an ounce.

The CME Group and U.S. Commodity Futures Trading Commission did not immediately respond to a request for comment.