Goldman Sachs Denies Aluminum Price Fixing

Goldman Sachs Group, Inc. (NYSE:GS) released an official statement today denying complicity in artificially raising the price of aluminum. Recent reports, from The New York Times among others, have suggested that Goldman Sachs and its subsidiary Metro International Trade Services exploit pricing regulations in order to raise the price of the commodity.

In its official statement, Goldman Sachs Group, Inc. (NYSE:GS) denied the allegations and offered statistics supporting that denial. The accusations have been followed in recent days by promises from the Federal Reserve and the U.S. Senate to investigate commodity trading by investment banks, including...