Deutsche Bank (NYSE:DB), the biggest German bank, has been slowly rising from the ashes of the previous decade. The bank posted one of its strongest trading performances, capitalizing on momentum in precious metals.

According to Bloomberg, the bank generated over $100 million in gold-trading revenue in the first half of the year. Tariff-driven volatility and arbitrage opportunities created a comeback for the institution that had largely withdrawn from physical gold trading after 2014.

The bank is now applying to rejoin the select group of 11 banks. These banks form the London Bullion Market through the London Bullion Market Association.

Yet, an approval would require a probationary period during which the bank would provide two-way quotes throughout trading hours. A successful return would allow Deutsche Bank to seek full clearing-bank status, ...