Reported about 7 hours ago
Global bullion banks are increasingly transporting gold from Asia, including trading hubs like Dubai and Hong Kong, to the U.S. to take advantage of high premiums in U.S. gold futures over spot prices. This shift comes as concerns over U.S. import tariffs have caused Comex futures prices to surge. The movement of gold to the U.S. has intensified, with reserves rising and banks seizing arbitrage opportunities, turning the U.S. into a significant destination for gold as demand in Asia wanes.
Source: YAHOO