There has been conjecture that the downward pressure seen on the gold price was evidence not of manipulation but rather a by product of the trades matching & how the flow of these trades affected the price. If this was correct then the downward pressure at the fixes would still be visible.

That we are no no longer seeing downwards pressure in the prices at the London Fixes speaks loudly that these visible effects of pricing pressure at the fixes were not because of the method but rather the manipulation. If it was otherwise then we would still be seeing the selling pressures at the fixes.

So here is a major look into manipulation of the LMBA Fixes looking back over the years.

2008

2009

2010

2011

2012

2013

2014

And to point out the lack of manipulation here's the latest monthly charts September

October