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Are gold prices being manipulated?

Posted on 03 March 2014

According to a new academic paper, the London gold fix, which is used as the benchmark to value the metal by jewelers, miners, traders and central banks, may have been manipulated for about a decade by a group of bankers.
The study reveals “unusual trading patterns around 3 p.m. in London, when the so-called afternoon fix is set on a private conference call between five of the biggest gold dealers, are a sign of collusive behavior….. the moves weren’t replicated during the morning call and hadn’t happened before 2004…”……………………………………….Full Article: Source


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VRS - who has written 40685 posts on Opalesque Commodities Briefing.


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