Rush to stockpile gold in New York leads to London shortage (archive.ph)

submitted 5 months ago by n7gifmdn@lemmy.ca to c/news@beehaw.org

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A surge in gold shipments to the US has led to a shortage of bullion in London, as traders amass an $82bn stockpile in New York over fears of Trump administration tariffs.

The wait to withdraw bullion stored in the Bank of England’s vaults has risen from a few days to between four and eight weeks, according to people familiar with the process, as the central bank struggles to keep up with demand.

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[-] melp@beehaw.org 2 points 5 months ago

I'd like one gold order, please.

this post was submitted on 29 Jan 2025

11 points (100.0% liked)

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