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Dodd-Frank ‘grey area’ to shut down precious metals trading?

Last Friday, FOREX.com reportedly contacted its customers with some quite shocking news (that has being doing the rounds on the rumour mill this week). According to the firm, over the counter trading of precious metals, including gold and silver, by US residents is going to be illegal from 15th July 2011 – under the Dodd-Frank Act...

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Latest trading commentaries...

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FxPro
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Euro-boost foiled after Greek confidence vote
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Dovish minutes shock nobody
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Disaster averted following the Greek parliament's passing of a vote of confidence in the government and re-shuffled cabinet. The vote's ‘For' numbered 155, the votes ‘Against' totalled 143 – the exact numbers of the ruling socialist PASOK party versus the combined total of the opposition parties.

 

Coming next issue...

We speak to FxPro's George Xydas about the company's new ECN offering; quiz five corporate treasurers on their FX risk management challenges and investigate Nigeria’s potential to become a leading economy.

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