Trump tariffs have JPMorgan flying gold from London to New York—but big banks also find an arbitrage opportunity
Fears that Trump could impose a blanket tax on all imports from Europe, including gold, has prompted a massive influx of the ...
Why Dealers Are Flying Gold Bars by Plane From London to New York
Tariff fears have roiled gold markets, pushing JPMorgan and others to stash bullion on passenger planes to sell at record ...
Why are U.S. banks flying gold from London to New York?
JPMorgan and HSBC – who have access to huge gold supplies in London – often lend out bullion to borrowers who need to use it ...
London's Gold Shortage: A Symptom Of Global Economic Anxiety
London is encountering a gold shortage as many major gold holders are transferring their gold to the U.S. Read more here.
London Sees Record Gold Outflow in January in Race to Ship to US
The amount of gold stored in London vaults fell by 4.9 million troy ounces in January, the largest monthly decline since ...
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Gold is rushing from London to New York
Companies' efforts to get ahead of possible U.S. tariffs on metals is causing a shortage of the valuable element in the ...
As gold eyes glittering milestone, bear case also rises
Gold prices have marched into uncharted territory as bulls latch on to economic uncertainty created by U.S. import tariff ...
Inside the Trans-Atlantic Gold Rush
Right now, gold is worth substantially more in the U.S. than in the U.K. Traders at big banks are racing to yank the precious metal from vaults deep below London’s medieval streets and from Swiss gold ...
US gold rush drives up borrowing costs for precious metal in London
A gold rush into the US — where inventories on the New York Comex have risen 88 per cent since November’s election — has ...