Commodities Firm Gunvor Said to Exit Gold Trading After Year

Discussion in 'Gold' started by 797craig, Dec 18, 2014.

  1. 797craig

    797craig New Member

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    Gunvor executives decided to abandon the precious metals trading business partly because of difficulties in finding steady supplies of gold where the origin could be well documented, one of the people said. Gunvor's announcement earlier this year that it would begin physically trading precious metals was unusual as neither Glencore Plc (GLEN), the biggest metals trader, nor Trafigura Beheer BV, the second largest, trade physical gold.
    I would like to think that precious metals will have a better year in 2015http://www.businessweek.com/news/2014-12-11/commodities-trader-gunvor-said-to-exit-gold-trading-after-a-year


    http://www.businessweek.com/news/20...gunvor-said-to-exit-gold-trading-after-a-year
     

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