A federal judge has dismissed a class-action lawsuit claiming J.P. Morgan Chase & Co. (JPM) manipulated prices in the silver market between June 2007 and October 2010.
In an order posted Monday, U.S. District Judge Robert Patterson said a group of silver investors did show J.P. Morgan and its traders had the power to influence the silver market, but didn't prove the bank manipulated prices or took action to "cause artificial prices to exist" on CME Group Inc.'s (CME) benchmark Comex silver futures contract.
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(Reuters) - Argentina's government forged an agreement on Tuesday with top retailers to extend a freeze on prices for another two months, the latest attempt to contain inflation estimated by private economists at above 20 percent a year.
Somewhere deep in the bowels of the world’s Western central banks lie vaults holding gargantuan piles of physical gold bars… or at least that’s what they all claim. The gold bars are part of their respective foreign currency reserves, which include all the usual fiat currencies like the dollar, the pound, the yen and the euro.