Bank of England Gold Queue Grows as US Tariff Fears Drive Market Shift

London’s bullion market is experiencing significant strain as banks rush to borrow gold from central banks following a massive flow of metal to the United States. Over two months, COMEX warehouse stocks increased by 12.2 million ounces (70%), driven by fears of potential US import tariffs. This has led to unprecedented delays at the Bank of England, with minimum waiting times for gold withdrawals extending to four weeks, compared to the usual few days.



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