metamitya ·
What’s real/verified:
- Banks have been moving bullion from London (including the BoE’s vaults, which hold for many clients) to New York, largely for pricing/logistics reasons and to get ahead of potential U.S. import duties. Multiple outlets have reported this flow and longer withdrawal queues at the BoE.
- Major outlets report new U.S. tariffs that would hit certain gold bar imports (notably 1kg and 100oz bars), with Switzerland singled out by a 39% country tariff. Switzerland does refine a large share (~70%) of the world’s gold.