No Clear Evidence of Gold Manipulation Seen by U.K.’s FCA

There’s “no clear evidence” of manipulation during the century-old London gold fixing, the U.K.’s Financial Conduct Authority’s David Bailey said.

It’s still possible that manipulation may have occurred, Bailey, director of financial markets infrastructure and supervision at the FCA, said at a U.K. Treasury Select Committee hearing in London today. The authority expects the industry to say whether the fixing complies with International Organization of Securities Commissions guidelines in the next month, he said.