Gold price extends loss as Fed cuts rates, signals less easing
New forecasts showed several officials penciled in fewer rate cuts for next year than estimated.
Goldman Sachs said on Friday it had reached an in-principle settlement to resolve a 2014 class action lawsuit related to trading in platinum and palladium.
The investment bank was among a number of defendants named in the lawsuit, which alleged they had violated antitrust laws by conspiring to manipulate a benchmark for physical platinum and palladium prices.
The agreement is subject to final documentation and court approval, Goldman disclosed, adding that it had set aside reserves for its contribution to the settlement amount.
(By Niket Nishant; Editing by Shounak Dasgupta)
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