Reported about 7 hours ago
Over recent months, traders have started sending air shipments of gold and silver from London to New York due to fears of impending tariffs from the Trump administration. High demand has led to increased futures prices for these metals, prompting swift transport to the US before any new trade measures can be implemented. A surge in gold and silver imports is notable, with substantial volumes shipped despite typical transportation methods favoring maritime routes. The unusual air freight activity is a response to the potential for significant tariffs on imports, creating both opportunity and risk in the commodities market.
Source: YAHOO