London’s gold market enjoys the Trump effect
The City’s dominance of physical trading in the metal is being reinforced by global instability
Source: Financial Times
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DW NOTE
London's gold market is benefiting from the simultaneous collapse of the Strait of Hormuz shipping, a 10-year Treasury yield at 5.24%, and Fed officials who admit they've lost the 2% inflation target. Gold rallies when sovereign debt looks less sovereign and oil chokepoints stay choked.