Is a ban on the sale of physical commodities by banks in the USA imminent?
According to Agence Ecofin, the US Federal Reserve (Fed) is “examining” the permits to sell physical commodities held by certain banks, as opposed to commodity-backed futures contracts, the Financial Times reported on its website on July 22. Senior Fed officials have been discussing with executives from major Wall Street banks such as JPMorgan Chase and Goldman Sachs […]
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