Deutsche Bank Withdraws From Gold Fixing in Commodities Cuts | International business & e-commerce | Scoop.it

 

The bank is one of five gold and three silver members that help set fixings, benchmark rates used by mining companies, jewelers and central banks to trade and value metals.

 

The U.K. Financial Conduct Authority is said to be scrutinizing how prices are set in the $20 trillion gold market. German regulator Bafin is reviewing how banks participate in price-setting as part of its review of benchmark administration in the wake of the London interbank offered rate rigging scandal.

 


Via Cyrille