Deutsche Bank to pay $60 million to settle U.S. gold price-fixing case
By Jonathan Stempel
Friday, December 2, 2016
NEW YORK -- Deutsche Bank has agreed to pay $60 million to settle private U.S. antitrust litigation by traders and other investors who accused the German bank of conspiring to manipulate gold prices at their expense.
The preliminary settlement was filed today with the U.S. District Court in Manhattan and requires a judge's approval.
Deutsche Bank denied wrongdoing. The bank in October agreed to pay $38 million to settle similar litigation over alleged silver price manipulation. ...
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Market Analyst Fabrice Taylor Expects K92 Shares to Rise
as Company Commences Gold Production and Gains Cash Flow
Interviewed on Business News Network in Canada, market analyst and financial letter writer Fabrice Taylor said shares of K92 Mining (TSXV:KNT) are likely to rise, even amid declining gold prices, because the company has begun producing gold at its mine in Papua New Guinea:
Taylor cited the company's announcement here:
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