Top international banks face US probe for alleged precious metals market fix

"The US Department of Justice is in the early stages of an investigation into at least 10 international banks—including JPMorgan Chase, Goldman Sachs and Barclays—over alleged manipulation of the precious metals market.

According to reports, the other banks involved in the investigation include Bank of Nova Scotia, Credit Suisse, Goldman Sachs, JPMorgan Chase, Societe Generale, Standard Bank and UBS.

Investors and jewelers in the US have already sued a handful of top financial firms for an alleged eight-year manipulation of platinum and palladium prices."