A race to transfer gold from London to New York. Trump puts on the precious customs duties?

The amount of gold in London cabinets fell by 4.9 million ounces, which is told in January, which is the largest monthly decline since the 2016 monitoring is, amid traders who transport the precious metal to the United States to avoid the risks of customs tariffs and take advantage of price differences. London is the largest center in the world for gold trade, with a total of about $ 800 billion in warehouses under the capital. The fear has led President Donald Trump to impose customs duties that include gold in the high prices in the United States, which bypasses in London over the past month, which provides a profitable opportunity to open to the yellow metal containers who can transport their property across the Atlantic. Explosions of approximately $ 14 billion led to a decline in shares in January 1.7% from December levels, according to the data collected by the London Market Association, a commercial group. This includes the possessions in the commercial cabinets owned by “JP Morgan” and “Brenx” between other companies, as well as gold accounts in the basement of “Bank of England”. The flow of 151 tonnes of gold from London to New York said the bombing in London: “The monthly decline in gold supplies reflects the well -documented market dynamics at the moment. With the flow of mineral from London to New York, the decline in shares by 151 tonnes in January is not surprising.” The price of the gold rent for one month, which reflects the cost of the short loans, became the highest decades in January. A long list of applications to extract the metal in England’s basement was formed, which led to exceptionally large discounts on gold stored there compared to the larger market price. What about silver? Silver supplies were also the largest flow ever after a similar bonus appeared in New York. This bonus has not yet been closed, although the difference in gold has decreased significantly this week. “Like gold, the flow of silver abroad is directly associated with the movement of metal from London to New York due to customs duties.” So far, the White House has given no indication whether precious metals will be targeted with any possible customs tariffs. Analysts at City Group said the bonus between the New York and London markets on Wednesday indicates a probability of about 20% that Trump will include gold in a comprehensive 10% fee fee on all US imports. What happens in London? There is concern about the market that Trump will include gold in a comprehensive 10% fee on all US imports. This concern led to an increase in gold and silver allowance in New York compared to the price of London. Traders rushed to send the precious metal to America to avoid currency risk and to take advantage of price differences. This led to a decline in shares in London on Wednesday with 151 tonnes in Jan and London, which indicates a possibility of about 20% that Trump will include gold in a comprehensive 10% fee on all US imports.