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The strong demand for US is “Suckled” bullion from several countries, because the traders try to collect US President Donald Trump as a high transmission in Canada and Mexico.
According to CNBC, the box office of New York “Golden Glex”, AdRIAN ASH, BullionVault research manager.
More than 600 tons of gold, 20 million ounces of gold, the World Gold Council has been transported to city box office since December, according to the World Gold Council. The amount of gold does not normally belong to New York, John Rade, the market strategist for the World Gold Council Asia and Europe.
“You only keep there when emergencies occur.” READE spoke to CNBC.
The threat of tariffs in gold, US banks, investors and traders, securities and other bassons, and other cotton, otherwaters, otherwise in London.
“Inevitable tariffs in Canada and Mexico have concerns that will affect both gold and silver,” said Nicky Shiels, the head of the metal strategy in the MKS PAMP.
Supply chains are violated by this large suction, which is signed by gold before the potential tariffs of the United States.
John READE
World Gold Council
Trump announced that he recently swept US tariffs about import from the United States and Canada Will go forward after a delay after the end of next week. On February 1, the US President signed a 25% tariff for products from Canada and Mexico.
However, some of the investors are afraid of the threat of tariffs to be aside from two countries.
Extensive tariffs are also concerned that extensive tariffs will enter the game in Britain and Switzerland, which are large physical gold.
“The biggest concern is that the United States can be a blanket tariff in all imports, and this can be applied to gold,” he said.
Canada and Mexico are one of the largest gold exporters in the United States. This The United States imports the most gold from CanadaAccording to the world of OEC, Switzerland, Colombia, Mexico and South Africa followed.
In the last November, Trump’s election victory, US gold futures, the United States reflected large number of international colleagues, said that the United States created arbitration opportunities for large amounts of bullion, CNBC.
Tariff concerns
Telling the movement from a very short position or those who hold physical gold in New York, associated with physical gold holding the reward.
On Thursday, the gold futures listed in COMEX was $ 2,930.6 for an ounce, and the price of gold gold in London was $ 2901 – it was almost $ 30. The award was wider in January.
According to BullionVault information, the four-year consumer and gold demand of US warehouses, we are valuable consumer and gold demand shares.
In 2024, the Gold Production of the United States Estimated to be 160 tons Between 170 tons in 2023According to the information of the US Geological Survey.
Traders, Trump’s “100% Tariffs” will not bite golden imports to us gold prices, because there will be enough gold in the box office, he said.
Although there is no need for physical gold supply, they must be sure to prepare investors – with threatening to violate Trump tariffs.
“Very few people need to be delivered to normal, but you need to supply us all the time,” said the World Gold Council.
“But now you suddenly worry about a sudden import tariff, you don’t want your gold in London, before it comes to New York before the tariff came,” he said.
Supply chain breach
“Supply chains are violated by this large sucking voice, according to this great suction, which is in advance of the US potential tariffs,” he said.
This is a complicated factor, this is the come deposits To supply basically with kilogram sticksIn general, only Chinese, Southeast Asia, Middle East and India added the existing areas.
“Processing plants have only a limited power to produce a kilogram bar,” he said.
“Suddenly everyone is trying to hold a kilogram bar, which will be placed in COMEX depots and sending to New York, and this means that other gold streams were cut,” he said.
London is often called Terminal market for goldexperienced a big impact from the turn.
“The market is reduced in special places in London, as goldens in London, as the golden tanks are reduced to COMEX TONZENS,” said MARTAL FOCUS “Kavalis.
Great golden rods are also exported from London to other oil refineries, where they can melt them here and clean to Kilobars Standing standard ingot stored in London is 400 ounce stick Are not kilobars.
Gold reserves in London’s box office In January, he fell for the third month in a row, the London showed information from the Bullion Market Association. In January, the amount of gold reserves was 1.7% lower than December.
Gold exports from Switzerland to the United States In January, he rose to the highest level in at least 13 years. Kavalis noted that Singapore usually sent more gold than the United States.
To hedge against these tariffs, the gold was sent to the US and “gold from the rest of the system.”
