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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 362.31

-1.8%

Nov 4 4:00 PM EST

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To: TobagoJack who wrote (210984)	2/5/2025 7:13:20 PM
From: Box-By-The-Riviera™	Read Replies (2) of 217541

really? Gold in the Bank of England vault is trading at a discount to the wider market as fears over potential Trump tariffs spark a scramble for bullion, resulting in weeks-long lines to withdraw metal. Dealers are said to be quoting prices for gold at the BOE at discounts of more than $5 an ounce below spot in London. The size of the divergence is extremely unusual, with gold at the BOE usually trading in lockstep with prices in the rest of the London market. Previous premiums and discounts—driven by central bank trading activity—have generally been no more than a few tens of cents per ounce, traders said. The disconnect comes as traders worldwide rush to get gold to the US ahead of the potential imposition of tariffs and to capture premium prices. Trump hasn’t targeted precious metals specifically as he ratchets up his trade war, but dealers are worried they could be included in blanket tariffs that he’s threatened. bloomberg

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