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Market Impact: 0.25
Banks Head for $5 Billion Gold Trading Windfall in Record Year
Source: Bloomberg
Commodities & Raw MaterialsCorporate EarningsInvestor Sentiment & PositioningDerivatives & Volatility
Precious-metals traders at the world’s largest banks recorded their highest-ever profits for the first half of the year, putting them on track for a record annual result. Surging investor interest and sharp price swings created opportunities for dealers; the article gives no profit figures or specific market reaction.
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