Reuters reported that yesterday a federal judicial panel ordered the consolidation of 18 lawsuits “alleging a conspiracy to manipulate gold prices.”
As quoted in the market news:
The cases will be sent to U.S. District Judge Valerie Caproni in Manhattan, who has already been overseeing more than two dozen cases.
The lawsuits name the multinational banks that make up the London Gold Market Fixing Ltd, the company operating the global gold price benchmark known as the ‘fix’.
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