Trump tariffs have JPMorgan flying gold from London to New York—but big banks also find an arbitrage opportunity
February 14, 2025
JPMorgan plans $4 billion US gold delivery amid tariff fears
BY JACK RYAN, JACK FARCHY AND OTHERS
February 1, 2025
Precious metals traders at top banks including JPMorgan Chase and Morgan Stanley posted their best performance in five years in the first quarter.
Trump tariffs have JPMorgan flying gold from London to New York—but big banks also find an arbitrage opportunity
February 14, 2025
JPMorgan plans $4 billion US gold delivery amid tariff fears
BY JACK RYAN, JACK FARCHY AND OTHERS
February 1, 2025

Central banks worldwide are on track to buy 1,000 metric tons of gold in 2025, which would be their fourth year of massive…

One analyst said the Trump administration tacking on new tariffs was “precisely what the market feared.”

JPMorgan has found evidence that the market is already worried about central bank independence, with gold futures showing signs…

Investors are both bullish on equities as well as being afraid that there are major downside risks, Deutsche’s Henry Allen says.

The Wall Street investment bank said it remains bullish on gold, "with a short-/medium-term target of US$4,000/oz."

The Global South is actively shifting their own reserves towards gold at a much faster rate than advanced economies to reduce…