ETFS Pacer President Sean O’Hara claims that gold is not smartly ‘long-term’ investment and responds to the UNITEDHALTHCARA DOJ investigation.
President Donald Trump’s Tariff Plans have encouraged some of the biggest banks in the USA -ui Britain yes They fly golden rods From London to New York on commercial flights.
Trump plans to impose tariffs to US trade partners – including a reciprocal tariff regime that is expected to be formalized by the beginning of April, and the tariffs to the European Union, which he has not yet described in detail – encouraged the banks to move their gold reserves.
This move has encouraged a price range between gold sold in London and New York – Wall Street Journal He reported last week that the prices of gold at the Triple Unca in London were about $ 20 lower than early December. London is a major trade place for the physical gold market, while New York is the center of the future of the contract.
Due to inequality, moving gold from London to New York It can help banks cover what would otherwise be loss of money on the golden future by flying gold over the Atlantic, allowing them to at least vapor their losses or make more money by locking new contracts about the future.
How many gold reserves do the United States have?
Banks are moving physical gold from London to New York City to take advantage of the price. (East / East)
JPMORGAN Chase and HSBC are two main players on the physical gold market and seemed to take the opportunity, the magazine reported.
The amount of gold flying across the Atlantic on the commercial aircraft is significant – JPMORGAN said in a report with CME Group that he plans to move about four billion dollars of gold from London in New York in February.
Inflation may not be credited. How goods can protect your portfolio
Golden bars fly over the Atlantic on the commercial aircraft. (Photo Arne Dedert/DPA/AFP via Getty Images/Getty Images)
Commercial flights of airlines Offer the most cost-effective way for banks to carry gold from one location to another-even trip necessarily involves using armored cars and security to ensure that it is safe to reach the destination.
In the midst of uncertainty over economics and Trump’s tariff plansGold prices have increased to the most important in recent months.
Get a job with Fox on a clicking movement here
The golden future traded around $ 2,950 on Thursday and Friday – more than 10% to the present in 2025 and over 44% compared to the year before.
