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London, Gold Hub for Centuries, Eyes Delivery ‘Around the World’

  • More travel curbs might necessitate new locations, LBMA says
  • No coronavirus cases reported in London vaults so far
A Gold Bullion Dealer As Bitcoin's Nouveau Riche Run To The Metal As Cryptocurrency Crashes
Photographer: Luke MacGregor/Bloomberg

The London gold market will need to allow delivery outside of the city if the coronavirus pandemic leads to more stringent travel restrictions, the chief executive of the London Bullion Market Association said.

The U.K.’s capital has been a key hub for global gold trading since at least 1732, when the Bank of England first established a vault in the city. As the coronavirus snarls global logistics, traders are being forced to consider what would happen if gold could no longer be shipped in and out of London.