Scotiabank has re-entered the precious metals trading business after having exited the sector in 2020, according to people familiar with the matter cited by Bloomberg. The reports say the bank is taking on precious metals trading again, though specific details about the scope of the activity, counterparties, or timelines were not provided. The Financial Post links the renewed move to renewed customer and market interest following last year’s record run in gold, which helped drive attention toward precious metals markets. Together, the accounts indicate that Scotiabank’s decision is tied to changing market dynamics and investor demand after a period away from the business. Neither source describes any regulatory approvals, financial impacts, or whether the re-entry includes trading in metals beyond gold, such as silver or other commodities. The information is presented as based on internal knowledge, with additional operational specifics not included in the excerpts.