Gold Prices held around $1167 per ounce in London on Wednesday, trading near the upper-end of the last week's 4% range as Western stock markets slipped after regulators imposed heavy fines on 5 global banks for manipulating currency-market benchmarks.
The UK's FCA and United States' CFTC settled with Citibank, Royal Bank of Scotland, J.P.Morgan , HSBC and UBS – the last three of whom are also bullion market makers – for a total of $3.4 billion "for failing to control business practices" in their foreign exchange (FX) operations...............................................Full Article: Source
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