Gold Price Manipulation: Impact on the International Monetary System

The subject of the study is the impact on world gold prices by leading actors in the international financial system.

The purpose of the study is to identify signs of consistency in the management of world gold prices within the framework of the hypothesis of preventing an uncontrolled rise in the price of gold against the dollar in order to ensure the stability of the existing international monetary system. The main objectives are to consider the peculiarities of manipulating gold prices within the framework of exchange and over-the-counter trading in derivatives, and analyze the problems associated with the influence on the gold market of such institutions as the Bank of International Settlements (BIS) and central banks. Particular attention is paid to the analysis of gold price series on world exchanges.

Methods include the selection of representative data on the activities of leading global financial institutions, quantitative and qualitative analysis of their activities, and statistical analysis of gold price series. The results obtained indicate the presence of signs of systematicity in the management of world gold prices, which allows us to conclude that gold still indirectly serves as the basis of the world monetary system and is therefore the object of manipulation in international markets.

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