Banks Hurry to Transport Gold from London to New York Due to Record Price Difference

Details: JPMorgan and HSBC are transferring 8,000 gold bars from London to New York due to a $20 price gap between markets. The transfer, influenced by Trump's tariff threats, has increased US gold inventories to $106 billion since Election Day. Implication: Banks are capitalizing on market discrepancies to convert potential losses into gains. This significant gold transfer has caused supply shortages in London, leading to delivery times extending from days to 4-8 weeks.