CAPITAL MARKETS

JP Morgan calls for gold rumour probe

JP MORGAN Chase & Co has reportedly asked the Securities and Exchange Commission in the United States to investigate the rumours about gold trading losses that have dogged the bank in recent times.

Michael Quinn
JP Morgan calls for gold rumour probe

The trading losses relate to claims that bullion banks colluded with central banks to prevent the gold price rising. Gold is currently trading at its highest level since the mid-1990s. JP Morgan's losses...

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