ChainCatcher reported that global banks' precious metals trading revenue is projected to reach about $5 billion in 2026, which would mark a record high. The projection was tied to price swings in gold and silver, along with active investor trading. The report also cited bank-level figures: JPMorgan generated about $700 million from precious metals trading in the first half of the year, while Deutsche Bank made more than $200 million from the business this year. Separately, Citigroup became the first new bank in a decade to join London gold market vault and clearing services. The figures point to a strong period for precious metals desks across major banks.
According to ChainCatcher, global banks' precious metals trading revenue is expected to reach about $5 billion in 2026, setting a record high, as price swings in gold and silver and active investor trading support the business.
JPMorgan made about $700 million from precious metals trading in the first half of the year, while Deutsche Bank generated more than $200 million from related business this year. Citigroup also became the first new bank in a decade to join London gold market vault and clearing services.
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