Banks Rush to Fly Gold from London to New York Amid Record Price Gap

Why are banks flying out gold from London to New York?

The US bank JPMorgan and the UK’s HSBC are reportedly shifting gold bars from London to New York. About 8,000 gold bars are estimated to have been removed from the Bank of England’s vaults over the past few months. This comes amid looming threats of US President Donald Trump’s tariffs on Europe. But how is the bullion being transferred?

Airplanes in the night sky are full of gold

The precious commodity is flying commercial from the UK to New York in droves.

Banks like JPMorgan and HSBC are flying gold worth billions from London to New York. Here's why

The stampede to get gold to the US comes at a time when President Donald Trump has said that Europe’s trade stance was an atrocity compared to the US

Traders are scrambling to fly gold bullion across the Atlantic — here's why

Fears about the impact of trade tariffs mean gold prices are higher in New York than London, sparking a scramble to get bullion across the Atlantic.

US Banks Are Flying Gold Worth Billions Of Dollars From London To New York. Here's Why

The gold rush is largely driven by Trump's tariff threats, which have caused gold prices in London to drop by around $20 since December.

Why are bankers bringing gold en masse to New York: EADaily

EADaily, February 16th, 2025. The additional duties announced by US President Donald Trump in various fields are already beginning to have interesting consequences. For example, they forced major banks, starting with JP Morgan and HSBC, to transport billions of dollars in gold on commercial planes from London to New York.