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According to a report from Bloomberg, the German bank's move back into the precious metal market is its latest move to expand the company's trading desk. "It reflects the careful growth of our precious metals business in recent years and growing client demand for our services," Deutsche Bank added in the statement.
Deutsche Bank was one of a handful of bullion banks that had a tight grip on the market with the twice-daily price fix. Deutsche Bank gave up its seat at the century gold fixing club in London in 2014 after the bullion banks were accused of manipulating precious metals prices.
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