Reported about 11 hours ago
JPMorgan Chase & Co. plans to deliver gold bullion valued at more than $4 billion in February amidst rising prices and looming tariff threats. This marks the second largest delivery in history, highlighting a significant rush to ship gold to the U.S. following the election of President Trump, which has driven futures prices on CME to surge beyond spot prices. Many banks are now taking advantage of lucrative arbitrage opportunities, with physical inventories in exchange depositories swelling significantly since the election.
Source: YAHOO