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Commodities Briefing - Categorized | Bullion/Gold, Commentaries, Price Watch more

How gold, silver prices are ‘fixed’

Posted on 25 March 2013

London’s gold and silver markets face the possibility of a probe into price setting, putting a century-old practice under the spotlight after the Libor rigging scandal that exposed widespread interest rate manipulation by banks.
The US Commodity Futures Trading Commission (CFTC) has started internal discussions on whether the daily setting of gold and silver prices is open to manipulation, the Wall Street Journal reported. The CFTC declined to comment, while the chairs of the London Gold Fixing Company and London Silver Fixing Company were not available for comment………………………………………..Full Article: Source


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