Gold Dealers Sell BOE Bullion at Discount in Tariff Turmoil
- There are weeks-long queues to withdraw bullion from BOE
- Size of divergence extremely unusual amid rush to ship to US
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Gold in the Bank of England vault is trading at a discount to the wider market, as fears over potential Trump tariffs spark a scramble for bullion that’s resulting in weeks-long queues to withdraw metal.
Dealers are quoting prices for gold at the BOE at discounts of more than $5 an ounce below spot in London, according to people with direct knowledge of the situation.