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Updated 21:54 26/09/20

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Deutsche Bank to sell gold fixing seat

Duncan Richardson, News Editor
28 Jan 2014, 9:46 a.m.

Deutsche bank is in negotiations to sell its seat on the global gold and silver price setting process, commonly known as the fix. The news comes weeks after Deutsche Bank announced they are withdrawing from the fix after German regulator Bafin’s investigation into the bank over potential manipulation in the precious metals markets. Earlier this week Deutsche bank also announced its decision to scale back its commodity business.

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