Gold and Silver Surge Push U.S. Bank Trading Revenues Toward Record $5 Billion
A powerful rally in precious metals has turned bank trading desks into one of Wall Street’s most lucrative businesses this year, with JPMorgan Chase and Deutsche Bank among the biggest beneficiaries. Analysts now expect U.S. and global banks to generate about $5 billion from precious metals trading by year-end, a record pace driven by strong investor demand and volatile prices.
