Precious Metals House of the Year: Credit Suisse

Strong relationships with Credit Suisse’s private bank and forex unit have helped its precious metals team during a tricky 18 months for gold

In February 2013, Tom Kendall – then serving as Credit Suisse's London-based head of precious metals research – saw the writing on the wall for gold's recent downturn. With that forewarning, the bank was able to prepare its clients for a rough ride, with spot prices going from a high of $1,687 per troy ounce on January 21, 2013, to a low of $1,192/ounce on June 27 that year, according to the London-based World Gold Council. The volatility was not sustained, however, and during late 2013 and