Barclays has been fined £26 million ($43.8 million) for failures in internal controls that allowed a trader to manipulate the setting of gold prices, just a day after the bank was fined for rigging Libor interest rates in 2012.
Gold prices eased on Tuesday, pressured by a retreat in the euro ahead of a key European Central Bank meeting later this week, and as investors awaited more transparency on U.S. monetary policy.
The euro fell against the dollar on
Gold prices touched BD21 ($55.7) per gram in Bahrain yesterday (August 8), putting off many during what is usually a peak season, said a leading businessman.
"International orders have also been reduced to a trickle and will dry up soon if