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US: Deutsche Bank to pay $60m to settle gold price-fixing case

 |  December 5, 2016

Deutsche Bank has agreed to pay $60-million to settle private US 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 on Friday with the US 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.

The case is one of many in the Manhattan court in which investors accused banks of conspiring to rig rates and prices in financial and commodities markets.

Full Content: Mining Weekly

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