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Why is Societe Generale making a comeback to gold trading?
Societe Generale, the third-largest listed bank in France, is reportedly planning a partial return to gold trading. This strategic move comes after the bank’s exit from the bullion market in 2019. Two sources familiar with the matter revealed this information to Reuters. The bank’s departure from gold trading in 2019 was part of a broader downsizing of its over-the-counter (OTC) commodities trading operations. In OTC trading, deals are conducted directly between banks and brokers, without the involvement of a centralized exchange. As part of this downsizing, Societe Generale also resigned from its position as a ... (full story)