Commodities
The Race to Get Gold Bars Into the US Screeches to a Halt
For several months, gold prices in New York have traded at large and unusual premiums to global benchmarks.
Photographer: Milan Jaros/BloombergThis article is for subscribers only.
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A massive arbitrage trade that has drawn tens of billions of dollars’ worth of gold and silver to the US came to an abrupt halt with Wednesday’s announcement that precious metals would be exempt from Donald Trump’s sweeping tariffs.