Banks Head for $5 Billion Gold Trading Windfall in Record Year
· Business · Bloomberg, Economic Times
Precious metals traders at top global banks achieved record profits in the first half of 2026, putting them on track for their best annual result ever. Surging investor interest and sharp price swings generated substantial opportunities for dealers across the sector. JPMorgan Chase & Co. earned about $700 million from trading and handling gold, silver, and other precious metals in the first half of 2026. The bank's previous highest full-year gain from this business was just over $1 billion in 2020. People familiar with the matter shared the figures on the condition of anonymity.
Why it matters
Major financial institutions are capitalizing on heightened market volatility and investor demand for precious metals, driving substantial revenue growth for top commodities desks.
Read the original report — Bloomberg
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