Australia Ships Record Amount of Gold to US Amid Race for Metal
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Australia shipped a record amount of gold to the US in January, as fears over potential tariffs saw traders rush to deliver metal into New York warehouses in order to capitalize on extreme price dislocations between key markets.
Exports to the US totaled A$4.6 billion ($2.9 billion) in the month — the highest amount in records dating back to 1995, the Australian Bureau of Statistics said in its latest monthly trade report.