Traders are moving so much gold from the Bank of England to the U.S. to avoid Trump tariffs that the waiting time has reportedly octupled
But in some instances, traders must deliver physical gold to fulfill some of their futures contracts. Fears around Trump’s ...
UK faces gold shortage as traders send $82B to New York in anticipation of Trump tariffs
People can’t get their hands on gold because so much has been shipped to New York, and the rest is stuck in the queue,” one ...
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 ...
Sterling treads water as markets look to Bank of England
The pound was little changed on Thursday as markets were focused on a raft of major central bank meetings that will culminate ...
As London is in the grips of a gold shortage, many are blaming Donald Trump for it; here's why
The waiting period to retrieve gold from the Bank of England has surged due to fears that the new Trump administration will levy tariffs on imports.
London's FTSE 100 logs best month in more than two years
Britain's benchmark share index closed at a record high on Friday and logged its best month in more than two years, while investors prepared for the Bank of England's rate decision next week. The blue ...
UK gold shortage as £66bn moved out of London
A surge in gold shipments to the US has led to a shortage in London, according to reports. Traders have amassed an almost ...
Heathrow's third runway and London 'gold shortage'
The report quotes a source close to the MP behind the bill, Kim Leadbeater, who says MPs were "looking carefully" at possible ...
Remember the U.K. debt crisis under Liz Truss? Bank of England now has a formal process to handle it.
The Bank of England on Tuesday announced a new emergency measure to deal with debt-market instability like that seen during ...
Gold stockpiling 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.
House sales jumped in December ahead of stamp duty changes this spring
Buyers across London and the South East in particular would have been pushing for deals to get across the line, an estate ...
London gold market queues up to borrow central bank gold after big shipments to US
Deliveries to the US left less free-float metal in London vaults, the metal that is not owned by central banks or holdings of ...