A PYMNTS Company

Global: Abrantes-Metz offers details on gold manipulation claims

By  |  April 24, 2014

Published from Kitco News:

Tune in to Kitco News’ exclusive interview with Rosa Abrantes-Metz, the researcher responsible for creating waves in the gold market earlier this year regarding manipulation in the London gold fix. Metz speaks with Daniela Cambone to discuss the research paper and her findings, which are soon due for release. “We found that, particularly since 2004, the incidents of large spikes in prices for spot gold has very significantly increased for the PM fixing,” she says. She adds that the spikes are very often the largest of the day, even larger than when New York trading opens, which could raise red flags. “The gold fixing has the most red flags that significantly increase the likelihood for abuse.” Watch now to hear more from Professor Metz and to learn more about her research regarding the gold market. Kitco News, April 23, 2014.

WATCH HERE

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.