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Gold Reclaim Delays Rise Amid Tariff Fears

2/3/2025

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Summary

Story summary

A surge in the waiting period to reclaim gold from the Bank of England has now stretched to eight weeks, fueled by fears of looming tariffs from the Trump administration. Meanwhile, gold inventories in New York have hit pandemic levels, prompting traders to transfer gold bars from London. BOE Governor Andrew Bailey remains confident that London will continue to be the heart of the gold market.

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Story summary

A surge in the waiting period to reclaim gold from the Bank of England has now stretched to eight weeks, fueled by fears of looming tariffs from the Trump administration. Meanwhile, gold inventories in New York have hit pandemic levels, prompting traders to transfer gold bars from London. BOE Governor Andrew Bailey remains confident that London will continue to be the heart of the gold market.