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EBS Reports Gold Strength; Laureus Launch

EBS announced a significant volume threshold for gold trading on Monday, December 12, with transactions worth a total of $671.6 million over the platform.

The amount traded, 1,417,000 ounces, was the second highest since EBS started precious metals trading in July 2000. The record day in terms of weight was November 26, 2004, when 1,429,000 oz traded.

Over the last year, EBS says it has seen an increase of 30% in metals trading on its spot system, and notes that the current highs in gold prices are leading the charge.

Separately, following the official launch last month of its corporate sponsorship of the
Laureus Sport for Good Foundation, EBS kicked off the global programme with a fundraising dinner in New York.

The event was attended by more than 100 EBS customers and some of the greatest names in sport, all of which are Laureus Academy members: nine times grand slam winner Monica Seles, twice Olympic gold medallist Edwin Moses, seven times grand slam singles winner John McEnroe, five times Olympic gold medal sprinter Michael Johnson and five times Olympic gold medallist Nadia Comaneci.

The evening also featured an auction of sporting memorabilia, including tennis racquets used by McEnroe and Seles, a skateboard used by the US’ most famous skateboarder Tony Hawk, and a pair of flying Nike shoes used by Michael Johnson.

Monies raised by the auction – and by the online Bid the Dream auction site – will go to support a range of Laureus projects around the world.

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