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    gold-investing

    Gold Manipulation Lawsuits to be Consolidated

    Charlotte McLeod
    Aug. 14, 2014 11:46AM PST
    Precious Metals Investing

    Reuters reported that yesterday a federal judicial panel ordered the consolidation of 18 lawsuits “alleging a conspiracy to manipulate gold prices.”

    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’.

    Click here to read the full Reuters report.

    gold-investing
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