Trump's tariff concerns, gold prices hit new highs again, large quantities of gold bars and silver bars are being shipped to the United States

Gold prices hit new highs due to the uncertainty of Trump 2.0 tariffs, causing a price difference between gold spot and futures. In recent months, precious metals such as gold bars and silver bars have been transported in unusually large quantities from London and other places to New York.

Gold and other precious metals are being heavily transported to the United States

According to Bloomberg, in recent months, precious metals such as gold bars, silver bars, etc., are flying in unusually large quantities from London to New York. These stacked gold bars, silver bars, tightly bound and sealed in wooden crates, are being shipped to the United States in the cargo hold of commercial flights.

Since the US election day, nearly 14 million ounces of gold worth 38 billion US dollars and 45 million ounces of silver have flowed into the warehouses of the New York Mercantile Exchange. According to sources, a large amount of gold has been exported to Switzerland, and the rush to buy gold has led to people having to wait for several weeks to take the gold out of the vaults of the Bank of England and hand it over to private banks for safekeeping.

JPMorgan Chase will deliver $4 billion worth of gold bars in February.

JPMorgan, one of the world's largest gold traders and a subsidiary of the Chicago Mercantile Exchange (CME), will deliver gold bars worth over $4 billion based on futures contracts in New York in February.

According to Bloomberg data, the February gold contract will have up to 30 million troy ounces of gold for physical delivery, the second largest delivery notice in exchange data since 1994.