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Deutsche Bank resigns seat on precious metal fixes

Gold Bar And Coins

Deutsche Bank has resigned its seat on the London precious metal fixes without finding a buyer, a spokesman for the lender said on Tuesday, leaving four banks to set the global gold price benchmark under increasing regulatory scrutiny.

UBS reviewing metals business

Gold Bar And Coins

UBS said it’s reviewing its precious metals business amid regulatory inquiries into the gold market, while the Hong Kong Monetary Authority reprimanded the firm for interest-rate rigging.

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