Gold 
Silver 
Economy 
Euporos
Suspected manipulation of the gold market
Major banks such as Barclays, Deutsche Bank, Bank of Nova Scotia, HSBC and Société Générale, previously accused of manipulating precious metal prices at the London fixing, continue to face significant developments in this case.
- Return of Deutsche Bank: After leaving the market under the weight of accusations of manipulation, Deutsche Bank recently expressed its desire to rejoin the precious metals market. The bank has applied to rejoin the London Bullion Market Association, marking a significant turnaround after settling several legal disputes relating to the manipulation of gold and silver prices.
- Lawsuits and charges : A former Deutsche Bank trader, whose conviction for manipulating the Libor interest rate was overturned, has taken legal action against the bank, accusing it of malicious prosecution and of using him as a scapegoat. This case illustrates the complexity and consequences of accusations of financial market manipulation.
- Background : In 2016, a judge declared a gold market manipulation case valid, which had already highlighted the questionable practices in this sector. This shows that issues of gold market manipulation are not new and have been subject to ongoing legal attention.
Conclusion :
These updates demonstrate that accusations of gold market manipulation remain a hot topic in the financial world. Recent actions by Deutsche Bank and ongoing legal developments show that this issue remains at the heart of regulatory and judicial concerns. These cases underline the importance of greater regulation and transparency in the world's financial markets.
& storage
Author : Florentin Collomp
Source : http://bourse.lefigaro.fr
Comments
No current comments
