Gold rush in the US has caused a gold shortage in Britain – FT.


Gold demand is rising in the US, borrowing costs have increased
Recently, London has faced a problem with gold due to the rapid increase in demand for this metal in the US. Investors are actively buying gold because of potential trade tariffs in the US. Gold reserves on the New York Stock Exchange have increased, but there is actually a shortage in London. Therefore, delays in obtaining gold from the Bank of England have arisen. The cost of borrowing gold in London has also significantly increased.
Fears of a global trade war are supporting gold demand
Gold demand is rising due to fears about a global trade war. This has already led to an 8% increase in gold prices since the beginning of the year. Gold prices have reached record high levels. It is expected that gold demand will continue to rise due to the political and economic instability associated with the Trump administration's policies. It is predicted that this year the growth rate of gold prices will be lower than in the previous year.
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