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Deputy Governor of the Bank of England, Dave Ramsden, mentioned that the bank received numerous inquiries after gold prices on New York's futures market significantly surpassed the cash price in London. He explained that traders aim to capitalize on the price disparity over time.
Dave Ramsden stated that the high volume of requests makes it challenging to withdraw gold bars. He claims that every slot is filled and the movement of the metal could take more time than normal.
In early February, Donald Trump enacted tariffs of 25 percent on products from Canada and Mexico. Items imported from China are now subjected to a 10% tariff. Simultaneously, the price of gold set yet another historical high, hitting $2876.5 per ounce.
source: telegraph.co.uk
Dave Ramsden stated that the high volume of requests makes it challenging to withdraw gold bars. He claims that every slot is filled and the movement of the metal could take more time than normal.
In early February, Donald Trump enacted tariffs of 25 percent on products from Canada and Mexico. Items imported from China are now subjected to a 10% tariff. Simultaneously, the price of gold set yet another historical high, hitting $2876.5 per ounce.
source: telegraph.co.uk
