Why are banks flying out gold from London to New York?
The US bank JPMorgan and the UK’s HSBC are reportedly shifting gold bars from London to New York. About 8,000 gold bars are estimated to have been removed from the Bank of England’s vaults over the ...
New York Post20d
Why banks are flying gold bars on commercial flights from London to NYC
Due to the disparity, moving the gold from London to New York can help banks cover what would otherwise ... to capitalize on the opportunity, the Journal reported. The amount of gold being flown ...
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Why Dealers Are Flying Gold Bars by Plane From London to New York
Some rushed to borrow back metal they lent out in London to cover their short futures positions in New York. They encountered a bottleneck at the Bank of England, which guards a hoard of bullion ...
NDTV26d
US Banks Are Flying Gold Worth Billions Of Dollars From London To New York. Here's Why
Major banks like JPMorgan and HSBC are flying gold across the Atlantic to cover ... landing in New York City, where it's currently worth more than in London, The Wall Street Journal reported.
Why are U.S. banks flying gold from London to New York?
Much of the gold has been shipped to New York City where the commodity is, for the moment, worth substantially more than in ...