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

Five banks sued for manipulating gold price

Posted on 07 March 2014

Five banks at the center of London’s gold trade have been sued in New York for manipulating prices, in the latest accusation of fraudulent collusion in the global finance hub.
A class-action suit was filed by US gold futures and options trader Kevin Maher against Bank of Nova Scotia, Barclays Bank, Deutsche Bank, HSBC, and Societe Generale, all involved in setting the London Gold Fix, a twice-daily benchmark price used as a reference for trade in gold and gold derivatives………………………………………..Full Article: Source


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