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Bloomberg/Jack Farchy, Elena Mazneva, and Joe Deaux/4-17-2020
“Gold has rarely been a hotter trade, but the world’s two most important markets remain out of sync. In New York, the price of gold topped $1,750 for the first time in seven years on April 9. In London, it still hasn’t caught up.”
USAGOLD note: The latest from Bloomberg on the disparity between COMEX and London gold pricing and fulfilling demand for physical metal. We remind everyone that deliveries on June contract are just roughly 45 days away – a time when the market could tighten considerably once again potentially driving up prices and premiums. This article describes the hows and whys of that process.