BaFin Hasn’t Found Support for Gold Market Manipulation

Bloomberg reported that BaFin, Germany’s financial regulator, has thus far found no support for allegations of gold market manipulation. It has also not found evidence of the rigging of currency exchange rates.

As quoted in the market news:

Raimund Roeseler also said the watchdog is close to concluding a probe into alleged attempts to rig the London Interbank Offered Rate, a benchmark for borrowing costs. He didn’t comment on the results of that investigation.

The probe into currency markets is still under way, he said. Roeseler spoke to Handelsblatt newspaper in an interview published in Frankfurt Monday. Oliver Struck, a spokesman for BaFin, confirmed the comments in an e-mail to Bloomberg News.

Click here to read the full Bloomberg report.