Banks and hedge funds are competing for traders who trade in gold

Trading companies, hedge funds, and banks are actively seeking traders with experience in gold trading amid growing interest in the metal. This growing demand has led to competition for talent and significant salary increases in the sector. Well-known commodity companies such as Trafigura and Gunvor have set up teams to work with precious metals, and their competitors are also trying to attract specialists to enter the market.

Source Minfin

At the same time, traditional big banks such as JPMorgan Chase, HSBC, and UBS have long dominated the gold market, but rising prices for this metal have opened up opportunities for new players. According to headhunter Alex Kerr, precious metals traders now have attractive prospects as competition from hedge funds and trading houses has increased. According to Crisil Coalition Greenwich, in the first quarter of 2025, the 12 leading banks earned $500 million from gold trading, the second highest figure in a decade.