Reports & PublicationsOctober 06, 2026Alchemist Issue 123 Available NowPublished as the industry gathers in Sorrento for the 25th anniversary of the LBMA Conference, this issue explores the forces res

AI desk brief

LBMA’s latest Alchemist issue is a conference-linked roundup of current precious-metals themes, with emphasis on gold’s relationship with oil, central bank buying, Asia’s growing influence, ETFs and digital gold, and the market’s shifting bullion architecture. It also flags the structural bull case for gold amid rising debt, fiscal constraints, geopolitical tensions and monetary-policy uncertainty.

The issue is more thematic than data-heavy, but several pieces are directly trade-relevant: responsible sourcing and regulatory updates, market microstructure, and a market-analysis interview on overlooked indicators, risks and opportunities. Overall tone is supportive for gold on the macro backdrop, while also highlighting supply-chain, compliance and sustainability priorities across the value chain.