Pacer ETFS president Sean O'Hara argues that Gold is not a wise “long-term” investment, but is responding to UnitedHealthcare's DOJ investigation.
President Donald Trump's tariff plans have prompted some of the largest banks in the US and the UK. Fly Gold Bar From London to New York City by commercial flight.
Trump's plans to impose tariffs on US trading partners, including mutual tariff regimes expected to be formalized by early April and European Union tariffs that have not yet been detailed, have led to banks being monetary. The preparations have been moved.
The move is driven by the price difference between gold sold in London and New York – Wall Street Journal Last week, gold prices per troy ounce were about $20 lower in London since early December. London is the main trading location for the physical gold market, and New York is the hub of futures contracts.
Moving gold from London due to the disparity new york Banks can help cover what was a financial transaction of gold futures by flying gold across the Atlantic, at least reducing their losses or loading up new futures contracts. You can make more money by doing it.
How much gold reserve does the US hold?
Banks are taking advantage of the price gap by moving physical gold from London to New York City. (istock / istock)
JPMorgan Chase and HSBC are two major players in the physical gold market and are looking to take advantage of the opportunity, the Journal reported.
The amount of gold flying across the Atlantic on commercial airliner is important. JPMorgan said it plans to move around approximately $4 billion in gold from London to New York in February in a submission to CME Group's COMEX.
Inflation may not be tamed. How products protect your portfolio
Gold sticks fly across the Atlantic on commercial airlines. (Photo: via Arne Dedert/DPA/AFP Getty Images/Getty Images)
Commercial Airline Flights While banks offer the most cost-effective way to transport gold from one location to another, this journey also inevitably includes the use of armored vehicles and security to securely arrive at your destination. It's here.
Amidst uncertainty over the economy Trump's tariff plangold prices have skyrocketed to an all-time high in recent months.
Click here to get your Fox business on the go
Gold Futures was trading around $2,950 on Thursday and Friday. So far, the number has increased by over 10% in 2025, and over 44% from a year ago.
