Gold Price-setting Banks Form Committee, Meeting Tuesday
By GCRU Gold News on Tuesday, January 21 2014, 07:29 - Permalink
LONDON--The five banks tasked with setting the benchmark price for gold have formed a steering committee to review how the so-called 'fix' is set and are meeting Tuesday, according to a person with knowledge of the matter.
The committee, which will seek an external audit of the process, has been formed as regulators investigate possible manipulation of precious-metals prices.