We are pleased to share that Monetary Metals’ proprietary GOFO™ and SIFO™ rates, the market’s only independently calculated gold and silver forward rate series, are now available on the Bloomberg Terminal.
The London Bullion Market Association ceased publishing its silver forward rate (‘SIFO’) in 2012 and gold forward rate (‘GOFO’) in 2015. This left mining companies, refiners, jewelers, and other market participants without a reliable reference point for pricing swaps, forwards, and leases for over a decade. Monetary Metals’ GOFO™ and SIFO™ closes that gap.
“Data science and integrity have been core to our mission from the very beginning,” said Keith Weiner, CEO of Monetary Metals. “The gold market deserves the same benchmark infrastructure every other major asset class takes for granted. We are glad to contribute to that infrastructure and to see wider distribution of our forward rates via Bloomberg, a global leader in business and financial information.”
Jeffrey Rhodes, Managing Director, Business Development, Middle East and Asia, Monetary Metals, added:
“Anyone who has worked in institutional gold markets knows the hole left when GOFO and SIFO were withdrawn. Having them available via Bloomberg means every trader, treasurer, and analyst with a Bloomberg Terminal now has access to the same data we have been using for years.”
The Data: Available now on the Bloomberg Terminal
Monetary Metals GOFO™ and Monetary Metals SIFO™ provide 3-month, 6-month, and 12-month constant-maturity forward spreads (bid and offer) for gold (XAU) and silver (XAG), updated daily Monday through Friday with a 24-hour delay. Historical data runs from 1996 to present.
Find the data: Monetary Metals’ GOFO™ and SIFO™ rates are available via the Commodity Spot Prices, {SPOT<GO>}, function on the Bloomberg Terminal.
Full calculation methodology: www.monetary-metals.com/home/about-forward-rates/
Media Contacts:
Burson Buchanan
Louise Mason-Rutherford | Abgail Gilchrist
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+44 (0)20 7466 5000
Monetary Metals
Hillary Bowling
Communications and PR Manager
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+1 937-424-7398
About Monetary Metals:
Monetary Metals delivers a yield on gold, paid in gold, via its Gold Yield Marketplace™ platform, by offering gold-denominated financing to qualified companies in the precious metals industry.
Through its gold leases and gold bonds, investors and institutions worldwide earn a yield on gold and silver every month, compounding their holdings over time with no storage fees.
