Gold That Flowed Into US in Tariff Bet Now Slowly Trickles Out
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The gold that flooded into US futures exchange warehouses in a tariff-driven arbitrage trade is now slowly trickling out.
The risk that precious metals could be caught up in trade duties pushed prices on New York’s Comex into a large premium over global benchmarks in recent months. That created an incentive for traders to ship gold to the US to take advantage of the unusual price gap.