The head of Etfs Pacer Etfs, Sean Ohara, says that gold is not a “long -term” smart investment and interacts with an investigation into the Ministry of Justice at UNITEDHEALTHCARE.
President Donald Trump’s introductory plans to some of the largest banks in the United States and Britain Gold bars fly From London to New York on commercial trips.
Trump’s plans to impose definitions on American commercial partners – including the mutual tariff system that is expected to be the formal nature of this in early April and the definitions of the European Union, which has not yet been detailed – stimulated banks to transfer their gold reserves.
This step was driven by the price difference between gold sold in London and New York – Wall Street Journal It reported last week that the gold prices for each ounce of Trawi were less than $ 20 in London since early December. London is the main trading site for the material gold market, while New York is a center for future contracts.
Because of the contrast, the transfer of gold from London to New York Banks can help cover what could have been the loser of money on golden futures by moving gold across the Atlantic Ocean, allowing at least their losses or earning more money by locking new future contracts.
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Banks transfer material gold from London to New York City to take advantage of the variation of prices. (Istock / Istock)
The magazine reported that JPMorgan Chase and HSBC are two main players in the market for material gold and have searched for the benefit of this opportunity.
Jpmorgan said in a file with CME Group’s ComEX that he is planning to move about $ 4 billion of gold from London to New York in a file with the CME Group’s ComEX collection, that it plans to move about $ 4 billion in gold from London to New York in February.
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Gold bars are transferred across the Atlantic Ocean on commercial aircraft. (Imaging ARNE DEDERT/DPA/AFP via Getty Images/Getty Images)
Trade flights Provide the most cost-effective method for banks to transport gold from one site to another-although the trip necessarily includes using armored vehicles and safety to ensure that they reach their destination safely.
Amid the uncertainty about the economy and Trump tariff plansGold prices have risen to their highest levels ever in recent months.
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Golden futures were traded around $ 2950 on Thursday and Friday – an increase of more than 10 % in 2025 so far and more than 44 % over last year.