Patel Närmare Bekräftelse
2025-02-19
The London gold market has faced significant challenges in recent months due to a surge in demand for physical gold, leading to delays in fulfilling delivery obligations. Adding to the pressure, following Donald Trump's election victory, demand for gold deliveries on the COMEX exchange skyrocketed. As a result, 393 tons of gold were transferred from LBMA (London Bullion Market Association) vaults in London to New York, boosting U.S. gold reserves to 926 tons.
This spike in demand has created a physical gold shortage in London, where much of the metal is tied up in paper markets (futures and contracts) rather than being available for actual delivery. The delays have raised concerns among investors, as LBMA had previously published reserve data to assure market reliability. However, the current issues highlight that not all reported reserves are readily available for immediate delivery.
This situation undermines confidence in London’s status as a global hub for precious metals trading. Compounding the problem, Chinese banks began offering clients the option to hold assets in gold instead of yuan starting in November 2024, driving up demand for physical gold in China. To meet this demand, China has been aggressively purchasing gold from London, further exacerbating the supply crunch.
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Scanna QR eller skicka till 076-118 25 68. Mottagare är Caroline Norberg.