Tariff worries have led to premiums in the New York market and weeks-long queues to withdraw metal from the BOE.
The rush to ship gold from London to the US to take advantage of premium prices is fueling strong demand for slots to withdraw metal from the Bank of England’s vault, an official said.
Traders are waiting for weeks to withdraw gold in London, as demand for physical gold ramps up to several new factors.
Companies' efforts to get ahead of possible U.S. tariffs on metals is causing a shortage of the valuable element in the ...
A gold rush into the US — where inventories on the New York Comex have risen 88 per cent since November’s election — has drained the market in London, as traders try to get ahead of potential tariffs ...
The unprecedented movement of gold and silver from London to New York continued to create uncertainty in the bullion markets ...
The waiting period to retrieve gold from the Bank of England has surged due to fears that the new Trump administration will ...
London bullion market players are racing to borrow gold from central banks, which store bullion in London, following a surge ...
The bank's reported intervention via gold leasing this week was a proclamation that the bank and probably the Federal Reserve ...
Gold in the Bank of England vault is trading at a discount to the wider market, as fears over potential Trump tariffs spark a ...
Citi Research has raised its near-term and 2025 average gold price forecasts, citing trade wars and geopolitical risks under ...