JPMorgan and other big banks are flying billions of dollars worth of gold on planes. Here's why
U.S. President Donald Trump’s tariffs are already having unintended and somewhat strange economic repercussions. For example, ...
Why Dealers Are Flying Gold Bars by Plane From London to New York
Tariff fears have roiled gold markets, pushing JPMorgan and others to stash bullion on passenger planes to sell at record ...
The Independent3d
Why are U.S. banks flying gold from London to New York?
Deep under London’s Threadneedle Street lies an intricate network of tunnels holding the world’s second-largest depository of gold ... two of the biggest names flying the precious metal ...
AOL4d
Trump tariffs have JPMorgan flying gold from London to New York—but big banks also find an arbitrage opportunity
The price of gold is higher in New York than in London ... JPMorgan and HSBC are the biggest names flying bullion from London to New York to cover losses on short positions—and taking advantage ...
Yahoo Finance5d
JPMorgan and other big banks are flying billions of dollars worth of gold on planes. Here's why
For example, they have led to big banks transporting billions of dollars of gold via commercial planes from London to New York City. The price of gold, which investors tend to buy during times of ...