03.07.2014 - UK watchdog says no evidence that gold price is rigged
Collusion among banks in setting the gold price benchmark was possible but there is no evidence of this, a senior British regulator said on Wednesday when answering lawmakers' questions on the trustworthiness of the gold market. Gold prices and other benchmarks have come under scrutiny, with banks fined $6 billion for rigging the Libor interest rate, used to price a range of financial products. Allegations are also emerging of potential rigging of currency markets...............................................Full Article: Source
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