German watchdog starts probe into gold price-fixing: report

(Reuters) – Germany’s financial watchdog BaFin has started a probe into suspected manipulation of benchmark gold and silver prices by banks, the Wall Street Journal Deutschland website reported on Tuesday.

Regulators across the globe have increased oversight of the financial sector, and banks’ reputations have been battered by a series of scandals, including trying to manipulate key benchmark rates such as the Libor inter-bank lending rates.

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