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Global gold trading nears $5B for banks
Global banks are heading towards record profits, expected to reach up to 5 billion dollars from precious metals trading in 2026. This surge is driven by increased investor interest in gold and silver, sharp market volatility, and ongoing geopolitical and commercial tensions. JPMorgan Chase has led the scene with profits of approximately 700 million dollars in the first half of the year, while major banks like Deutsche Bank have surpassed 200 million dollars in earnings. Additionally, more banks are seeking to enter the bullion custody and settlement services market in London, as gold and silver prices rise compared to the beginning of the year. Despite these positive results, markets are warning of risks associated with price fluctuations, the war in the Middle East, and rising energy costs, which could lead to losses if market movements go against expectations.
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