Deutsche Bank Resigns From Gold Fix After Seat Sale Fails
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Deutsche Bank AG resigned from participating in setting gold and silver benchmarks in London after failing to agree on a sale of the seat.
The German bank’s last day taking part in the fixing will be May 13, according to a person with direct knowledge of the decision who asked not to be identified because the information isn’t public. Europe’s largest investment bank said in January it planned to withdraw from the London fixing. A sale couldn’t be arranged, the person said.