Barclays and Deutsche Bank Named in London Gold Fix Lawsuit

Five banks including Barclays, Deutsche Bank and HSBC have been accused in a US lawsuit of manipulating the London gold fix, an age-old pricing of gold twice daily. According to a Bloomberg report, Kevin Maher, a New York resident who said he bought and sold gold and gold futures and options alleges that the banks overseeing the gold benchmark – Societe Generale and Bank of Nova Scotia were also named – colluded to manipulate it. Maher is seeking to represent a class of all investors

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