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2017

General Paper

POST UTME

The value of Gold is determined in

A.

Rome

B.

Washington

C.

Teheran

D.

London

Correct Answer: London

Explanation

The value of Gold is determined in London, UK. The ICE Benchmark Administration (IBA) publishes the LBMA Gold Price in US dollars twice in a day. This serves as a benchmark price for gold producers, investors, consumers, and central banks worldwide.

The value of Gold is determined in London, UK. The ICE Benchmark Administration (IBA) publishes the LBMA Gold Price in US dollars twice in a day. This serves as a benchmark price for gold producers, investors, consumers, and central banks worldwide.
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