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JPMorgan has silver lining

Silver Bars

Silver investors failed to show that JPMorgan conspired to drive down the metal's price, and an antitrust lawsuit accusing the bank of price-fixing should be dismissed, a federal appeals court ruled.

Barclays closes power trading desks

Barclays Canary Wharf

Barclays said on Tuesday that it has closed its power trading desks in London and New York, joining a string of global investment banks that are paring down their commodity market activities as increased regulations bite.

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Could Gold Be The Next Libor Scandal ?

London's financial sector was last night bracing itself for another official investigation into alleged price-fixing following reports that a US regulator is considering launching an inquiry into the City's gold and silver markets.