German Bank accused. After the Libor scandal the fixing of the gold price comes into view of supervisors. Britain and Germany are currently investigating the process of manipulation. In the United States a trader goes one step further. The five involved in the gold fixing banks are faced with a first action for the manipulation of the daily reference price. The New York gold trader Kevin Maher filed an action at the federal court in Manhattan against the Deutsche Bank and the other banks.


Maher criticizes the banks accordingly having agreed on manipulation of the gold fixings. He strives for a class action on behalf of all investors who have traded since 2004 on gold or gold derivatives where the price is based on fixing.
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