Explained: Why banks are flying gold worth billions from London to New York amid Trump tariff fears
Gold prices are rising globally, but fears of U.S. tariffs on European imports have driven a price spike in New York.
Gold rush of a different kind: JPMorgan and other banks are flying billions of dollars worth of the yellow metal on commercial planes; the reason will stun you
Rising gold prices due to Trump's tariffs have led banks like JPMorgan to transport billions of dollars of gold from London ...
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Trump tariffs have JPMorgan flying gold from London to New York—but big banks also find an arbitrage opportunity
U.S. President Donald Trump (right) has threatened tariffs on Europe, but French President Emmanuel Macron has said he’s willing to respond. © 2025 Fortune Media ...
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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 owing to fears that President Donald Trump could impose a blanket tax on all imports from Europe. JPMorgan and HSBC are the biggest names ...