Gold News

Hand picked GOLD NEWS from around the web. Get the latest and greatest gold news from one source! All economic news effecting the price of gold.

“Paper Gold No Longer As Important” – BofA Finds Physical Demand Now Key To Gold Prices

On a day where real yields are spiking, seemingly sparking a degrossing in gold futures, we found it rather noptable that BofA’s Global Commodities Research team publish a note highlighting the fact that recent flow data suggests that paper gold is no longer as important as it used to be.

Specifically, BofA notes that the recent gold price rally has been driven by investors, who have steadily increased their exposure to the yellow metal, a dynamic that is, as such, not unusual.

Deutsche Bank Gold Manipulator: “Spoofing Was So Commonplace I Figured It Was OK”

We first brought you the fascinating story of Deutsche Bank’s gold spoofer David Liew back in June 2017, when we revealed that the former precious metals-trader turned government star informant was responsible for busting a massive ring of gold manipulators that resulted in numerous arrests and multi-million penalties paid by banks including Deutsche Bank, UBS and HSBC. For those who need a refresher read “Deutsche Bank Trader Admits To Rigging Precious Metals Markets” in which we showed such internal chat board excerpts as the following:

And of course this:

Fast forward to today, when the Former Deutsche Bank analyst David Liew told a Chicago jury he learned how to manipulate gold and silver prices from the two successful senior traders he admired and worked with for about three years.