Chinese Wonder If Wall Street Bank Has Suppressed Gold Price By One-Third

Banks Face U.S. Manipulation Probe Over Metals Pricing

The U.S. Justice Department is investigating whether the world’s biggest banks manipulated prices of precious metals such as silver and gold as it pushes to wrap up probes into currency-rate rigging, according to people with knowledge of the matter.

The one-third lower price comes from Nick Barisheff, who uses U.S. federal debt growth to come up with an expected current value of $1,800 per ounce.

21st CBH:华尔街投行涉嫌操纵金价 金价或被压低1/3