The Bank of England is trading on the wider market with gold from its treasury with a discount greater than 4 pounds (4.8 euros) per ounces below the price on the London Stock Exchange and the Golden Mistricts Government Great Interest.
Dealers around the world rushes to procure gold before the potential imposition of the customs of U.S. President Donald Trump, although he did not specifically directed them to tribal metals that they could be involved in the general tariffs he threatened.
While traders race over time, increasing rows make gold in the British Central Bank’s vault less attractive than lever in more accessible commercial vaults across London.
The Boe owns more than 400,000 gold lever, worth more than $ 450 billion, which mostly keeps on behalf of other central banks, but also for several leading traders mentioned with noble metal.
It is only part of more than 8,000 tons of gold stored in London, but a large part of it is owned by funds and other investors who may not want to sell it, transmits the Bloomberg.
The world demand for gold has fallen down all the records, encouraged by high procurement of central banks and increasing investments in this precious metal, the World Council’s report published today.
Last year, the total volume of gold trafficking was 4,974 tons, which is an increase compared to 4,899 tons from 2023. years.
