How higher gold prices are impacting gold traders

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Trading houses, hedge funds and banks are on a hiring spree for specialist gold traders as interest in the metal soars, creating a battle for talent that is driving up pay packages in what has historically been a niche market. Major commodity traders Trafigura Group and Gunvor Group have brought in teams of precious-metals traders this year, while rivals IXM and Mercuria Energy Group have also been looking to hire in the sector, according to people familiar with the matter. Numerous hedge funds, banks and industrial companies like refiners are also either trying to break into precious metals or expand their teams, headhunters and industry executives said. Bloomberg's metals and mining reporter Sybilla Gross joins Stephen Carroll to discuss the details. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: Visit for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: Facebook: Instagram: Connect with Bloomberg Business on: X: Facebook: Instagram: TikTok: Reddit: LinkedIn: More from Bloomberg: Bloomberg Radio: Bloomberg Surveillance: Bloomberg Politics: Bloomberg Originals: Watch more on YouTube: Bloomberg Technology: Bloomberg Originals: Bloomberg Quicktake: Bloomberg Espanol: Bloomberg Podcasts: