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Trump tariff risks fuel a chaotic hunt for gold in London
By Jack Ryan, Yvonne Yue Li, and Sybilla Gross
Bloomberg News
via Yahoo News, Sunnyvale, California
Friday, January 17, 2025
The risk that President-elect Donald Trump will impose universal import tariffs is causing fresh turmoil in the global gold market, with a closely watched barometer of bullion demand reaching historic highs in London.
Lease rates reflect the return that holders of bullion in London’s vaults can get by loaning their metal out to other buyers on a short-term basis. Normally the returns on offer sit close to zero, but this week they have surged to historic levels, with profits on one-month lease rates exceeding 3.5% on an annualized basis
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That's the highest level since at least 2002, and it signals surging demand for metal in London's vaults. There have been similarly extreme moves in the silver market, and some analysts and traders warn that there may not be enough freely available metal to meet dealers' needs. ...
... For the remainder of the report:
https://finance.yahoo.com/news/trump-tariff-risks-fueling-chaotic-144639342.html
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Mining Discovery
Power Nickel
Silver North
Strike Point Gold
The National Investor
The Prospector
Western Alaska Minerals
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