“This was a year for standing by your clients and making sure they could manage their exposures and businesses through the volatility,” says Kevin Roberts, JP Morgan’s London-based head of global metals sales and marketing. “That meant providing much-needed liquidity and market access during a period of economic, political and regulatory uncertainty.”

Volatility across the precious metals sector was epitomised by gold, which saw a spectacular boom, as the loss of the US AAA credit rating and