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Trump tariff concerns drive gold rush to New York, draining London reserves: Report
The minimum waiting time to load gold out of the Bank of England, which stores gold for central banks, has reached four weeks, one of the sources said. In normal times, the release time is a few days or a week.
Rush to stockpile gold in New York leads to London shortage
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,
UK faces gold shortage as traders send $82B to New York in anticipation of Trump tariffs
London is facing a gold shortage after traders pulled out billions in bullion from the vaults of the Bank of England and stockpiled them in New York amid fears that Donald Trump will slap fresh tariffs on the shiny commodity,
Hosted on MSN
13d
How Trump's Pick for Treasury Secretary Once Helped Break the Bank of England
Scott Bessent,
Trump
's pick to guard America's financial system as treasury secretary, once helped orchestrate a huge trade ...
9d
Bank of England says it is open to pro-growth bank reforms
The Bank of England (BoE) is open to discussions with Britain's government about new ways to help boost economic growth by ...
2d
Analysis-Global Economy Takes Trump Guessing-Game in Stride
FRANKFURT (Reuters) - Global economic policymakers had been braced for an economic firestorm from the new U.S. administration ...
5d
on MSN
Trump just took a shot at Bank of America. Here's what he's talking about
President Donald Trump on Thursday accused the CEOs of Bank of America and JPMorgan Chase of refusing to serve conservatives.
17h
FirstFT: Fed on collision course with Donald Trump over rate cuts
Key Fed decision: The central bank’s expected decision today is the first following Trump’s return to office, which has been marked by a flurry of executive orders as the US president seeks to impose ...
6h
London gold market queues up to borrow central bank gold after big shipments to US, sources say
London bullion market players are racing to borrow gold from central banks, which store bullion in London, following a surge ...
2d
Globe Climate: Canadian environmental policy, meet Trump
As you will notice scrolling through this newsletter, U.S. tariffs are top of mind for just about every sector in Canada – as ...
2d
on MSN
Bitcoin Drops Below $100K Ahead of Fed's Interest Rate Decision
Despite recent pro-crypto moves by the Trump administration, short-term enthusiasm for the digital asset remains uncertain.
3h
on MSN
Fed hold rates steady, says job market is 'solid' while inflation 'remains somewhat elevated'
The Federal Reserve left its key interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of ...
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