Archive for February, 2015

Swiss Investigate Possible Gold Market Rigging

Wednesday, February 25th, 2015

In Switzerland, the country’s competition commission, WEKO, announced on Tuesday that they will be probing the possibility that the precious metals market has been manipulated in price fixing.

Since the Libor case in 2012, American and European regulators have increased their scrutiny of fixes on gold and silver prices as well as other commodities.

The price of gold is a standard that has been set by banks over the phone two times a day for a century.

The highest volatility index since 2009

Wednesday, February 11th, 2015

Volatility index for brent oil crudeIt seems as if oil has taken a pronounced rebound after its rather recent figures.

Indeed, black gold capped is largest 14-day rally in 17 years when news surfaced that a fall in production within the United States may serve to dent current supplies.

Not only did Brent crude at one point jump no less than 18 per cent, but the volatility index is at its highest since 2009.

The primary cause for this massive jump is due to what many feel has been a knock-on effect.