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Confirmed: Barclays Manipulated Gold Martkets to Avoid Client Payouts
Friday, May 23, 2014 6:25
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The UK Financial Conduct Authority said they would be imposing a £26 million fine on Barclays for manipulation of the price of gold, an action they are suspected of doing so in order to avoid payout on a client order.
Long suspected of price fixing, the recent actions taken by the FCA come as no surprise for the so-called “alternative media” which have been screaming the word manipulation at the top of their lungs for decades. A facet of labeling things as manipulated or fixed, is that the lack of specificity often fails to convey the underlying truth in those concepts needed to bring about the awareness that leads to change.
