The president of Pace Etfs, Sean O’Hara, argues that gold is not a long -term intelligent investment and reacts to a Doj survey on Unitedhealthcare.
President Donald Trump’s pricing plans prompted some of the largest banks in the United States and Great Britain Golden gold bars From London to New York on commercial flights.
Trump’s plans to impose prices on American trade partners – including a reciprocal pricing regime which should be formalized by the beginning of April and prices on the European Union which it has not yet detailed – have encouraged Banks to move their gold reserves.
This decision was motivated by a price differential between gold sold in London and New York – the Wall Street Journal said last week that gold prices by OneDce Troy had been less than about $ 20 in London since early December. London is the main place of negotiation for the physical gold market, while New York is a hub for term contracts.
Due to the disparity, move London gold to new York Can help banks to cover what would have been in the event that loses money on gold contracts by piloting gold across the Atlantic, which allows them to reduce their losses at least or to earn more money by locking up new term contracts.
How many gold reserves does the United States hold?
Banks move the physical gold from London to New York to take advantage of a price disparity. (Istock / Istock)
JPMorgan Chase and HSBC are two main players in the physical gold market and have sought to take advantage of the opportunity, the newspaper reported.
The quantity of gold transported in the Atlantic on commercial line planes is important – JPMorgan declared in a file to the CME Comex group which it planned to move around $ 4 billion in London gold in New York in New York in New York FEBRUARY.
Inflation may not be tamed. How products can protect your wallet
The gold bars are transported by plane across the Atlantic on commercial lines. (Photo of Arne Dedder / DPA / AFP via Getty Images / Getty Images)
Commercial air flights Offer the most profitable way for banks to transport gold from one place to another – although the trip also necessarily understands the use of armored and safety cars to ensure that it happens safely to its destination.
In the midst of uncertainty about the economy and Trump pricing plansThe prices of gold have reached heights of all time in recent months.
Get Fox Affairs on the move by clicking here
Gold Futures was negotiated about $ 2,950 Thursday and Friday – up more than 10% in 2025 to date and more than 44% compared to a year ago.
