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President Donald Trump’s tariff schemes have inspired some of the largest banks in the US and Britain Gold bar fly From London to New York City on commercial flights.
Trump’s plan to impose tariffs on American trading partners – including a mutual tariff regime, can be formally given formal form and tariffs on the European Union have not yet expanded – banks have their gold stores to banks. Has been motivated to move.
That step has been inspired by a price difference between gold sold in London and New York – Wall Street Journal Last week, it was reported that the prices per Troy ounces in London have been around $ 20 from the beginning of December. The London is the main trading place for the physical gold market, while the New York is a center for futures contracts.
Disarm New york Banks can help covering what happens to the trades losing money on gold futures by blowing gold in Atlantic, which makes them at least reduce their loss or to earn more money by locking them in new futures contracts or locking them in new futures contracts. Permission is given.
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Banks are transferring physical gold from London to New York to take advantage of price inequality. (Istock / istock)
The journal said that JP Morgan Chase and HSBC are two major players in the market for physical gold and have seen the opportunity to capitalize on.
Gold amount being flying in Atlantic on commercial airlines is important – JP Morgan said in a filing with CME Group comes that he is about 4 billion dollars in gold from London to New York in February.
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Gold bars are being blown in Atlantic on commercial aircraft. (Photo by Arne Deadart/DPA/AFP through Getty Image/Getty Image)
Commercial airline flights Provide the most cost-effective way for banks to transport gold from one place to another-although the journey also requires the use of armored cars and safety to ensure that it is safe on its destination Arrived in the form.
Amid uncertainty on the economy and Trump’s tariff planGold prices have increased till all time in recent months.
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Gold futures were trading around $ 2,950 on Thursday and Friday – more than 10% in 2025 and more than 44% from a year ago.
