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German market regulator confirms review of gold and silver pricing
Will the market regulators ever put a question to their own central banks? Not likely.
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U.K., German Regulators Scrutinize Gold, Silver Pricing
By Francesca Freeman and Madeleine Nissen
The Wall Street Journal
Tuesday, November 26, 2013
The price-setting processes for gold and silver in the spot market are the latest to come under review from global regulators, with authorities in Europe investigating the mechanisms for both precious metals.
In the U.K., the Financial Conduct Authority is reviewing how the gold price is set, said a person familiar with the investigation, who added that it is at an early stage.
In Germany, the Federal Financial Supervisory Authority, or BaFin, is looking into the rate-setting processes for gold and silver, according to a representative at the regulator.
The probe into precious metals markets adds to a long list of global investigations into the possible manipulation of some financial markets. Authorities are also examining the price-setting mechanisms for oil, currencies and interest rates. ...
... For the complete story:
http://online.wsj.com/news/articles/SB1000142405270230446560457922224407...
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