The second-largest gold storage in the world suddenly has long lines to withdraw bars
President Donald Trump’s tariff threats have created such strong demand for UK-held gold, traders are facing potentially weeks-long queues for a chance to withdraw it.
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Weekly Market Recap (February 7) – Reason Behind Bank of England’s Discounted Gold Sales Revealed!
In recent days, gold stored at the Bank of England (BOE) has been trading at levels below the London spot price, drawing ...
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Gold Rush to US Puts Squeeze on Bank of England
The Bank of England faces mounting pressure as unprecedented demands to withdraw gold have stretched its processing times to four weeks, from a typical one-week turnaround, banking sources told ...
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
London is in the grips of a gold shortage as traders line up for weeks to get bars out of the Bank of England and ship them ...