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* Deutsche gives two weeks' notice, to cease involvement May13
* Four banks remain to set gold price, two for silverbenchmark (Adds background, details)
By Clara Denina
LONDON, April 29 (Reuters) - Deutsche Bank hasresigned its seat on the London precious metal fixes withoutfinding a buyer, a spokesman for the lender said on Tuesday,leaving four banks to set the global gold price benchmark underincreasing regulatory scrutiny.
Sources told Reuters last week that Deutsche's attempt toexit the fix was likely to end without a buyer as U.S. lawsuitsalleging price-rigging by the five banks that set the benchmarkhad turned potential suitors cold.
A source close to the matter said the bank gave two weeks'notice and that it would cease to be part of the price-settingprocess as of May 13.
The gold fix - a benchmark widely used across the industry -is set twice a day by banks that get together over the telephoneto work out a standard price for the metal based on transactionsbetween their clients.
Deutsche said in January that it would sell its seat at thefixing table, after its decision to withdraw from the bulk ofits commodities business. It had held the seat for two decades.
Industry sources said only a handful of candidates hademerged to buy Deutsche's seat.
"It was a case of not being able to agree on terms," the source close to the matter said on Tuesday.
Deutsche's resignation leaves Barclays, HSBC, Bank of Nova Scotia and Societe Generale to set the gold benchmark, and just HSBC and Bank ofNova Scotia to set the silver benchmark.
The gold fix, along with other commodity benchmarks, hascome under increasing scrutiny by regulators in Europe and theUnited States since the London Interbank Offered Rate (Libor)manipulation case last year.
(Editing by Veronica Brown and Dale Hudson)
