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.
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 ...
People can’t get their hands on gold because so much has been shipped to New York, and the rest is stuck in the queue,” one ...
Traders are waiting for weeks to withdraw gold in London, as demand for physical gold ramps up to several new factors.
London is in the grips of a gold shortage as traders line up for weeks to get bars out of the Bank of England and ship them ...
London bullion market players are racing to borrow gold from central banks, which store bullion in London, following a surge ...
Gold in the Bank of England vault is trading at a discount to the wider market, as fears over potential Trump tariffs spark a ...
The bank's reported intervention via gold leasing this week was a proclamation that the bank and probably the Federal Reserve ...
The unprecedented movement of gold and silver from London to New York continued to create uncertainty in the bullion markets ...