gold-bar

In London, a handful of bankers recently set the world standard for gold prices, reports The Globe and Mail.

It adds this price-setting practice is “widely used by governments, miners and brokers to buy and sell the precious metal and its financial derivatives.”

However, regulators and experts are pushing for change due to price-fixing worries. Read more.

Also read:

Man eats gold bar to dodge tariff

Gold rally set to melt

Couple who found gold coins to face high taxes

What do Olympic winners owe CRA?

Originally published on Advisor.ca

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