In an article entitled Gold at Bank of England Trades at Discount as Tariff Fears Drive U.S. Demand Bloomberg describes the current gold market situation. The article states that:
‘Gold stored in the Bank of England (BOE) vaults is trading at a discount to the broader market as concerns over potential Trump tariffs drive a rush for physical bullion. The surge in demand has created weeks-long withdrawal delays, making BOE gold less attractive than metal stored in commercial vaults.’
We disagree.