FCA investigates possible rigging of gold benchmarks

Pot Of Gold

Financial Conduct Authority launches preliminary review into possible rigging of gold benchmarks

The Daily Telegraph reports that Britain's financial regulator is looking into whether gold benchmarks could have been rigged.

The Financial Conduct Authority has launched a preliminary review into the issue, a person familiar with the matter has told Bloomberg.

It is not yet known which gold benchmarks are under scrutiny, but among the most important is the London gold fixing, which determines the spot price for physical gold and is set twice daily by a panel of five banks.

To access the complete Daily Telegraph article hit the link below:

FCA launches gold benchmark rigging review

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