Story perspectives

Gold Demand Soars, Banks Hire Specialist Traders

10/27/2025

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Summary

Story summary

Rising interest in gold has boosted demand, prompting trading houses and banks to hire specialist gold traders.
The surge in demand is driving higher pay packages for these specialists.
Trafigura Group and Gunvor Group have recruited teams of precious-metals traders this year.
IXM and Mercuria Energy Group Ltd. are also expanding their precious-metals trading teams.
Industry insiders say many hedge funds, banks, and industrial companies are entering the sector.

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Story summary

Rising interest in gold has boosted demand, prompting trading houses and banks to hire specialist gold traders.
The surge in demand is driving higher pay packages for these specialists.
Trafigura Group and Gunvor Group have recruited teams of precious-metals traders this year.
IXM and Mercuria Energy Group Ltd. are also expanding their precious-metals trading teams.
Industry insiders say many hedge funds, banks, and industrial companies are entering the sector.