Why banks fly gold bars on commercial flights from London to New York

President Donald Trump’s tariff plans have summoned some of the largest banks in the US and Britain to Fly Gold Bars From London to New York on commercial flights.

Trump’s plans to impose tariffs on US trading partners – including the mutual tariff regime, which is expected to be official in early April, and the tariffs for the European Union, which he has not yet said in detail – pushed the banks to move his gold reserves.

This step was due to the price differential between the gold sold in London and New York – Wall Street Journal Last week, it was reported that the prices for gold for the ounce of the three were approximately $ 20 below in London since early December. London is the main place to trade in the physical gold market, and New York is the Futures contracts center.

Out -with the mismatch, moving gold from London to New York It can help banks cover what otherwise it would be trades on gold, flying gold on the Atlantic, allowing them to at least cover their losses or earn more money by blocking new futures contracts.

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Banks move physical gold from London to New York to take advantage of prices. (Istock / Istock)

JPMORGAN Chase and HSBC are two major players in the physical gold market and are looking to take advantage of opportunities, the magazine reports.

The amount of gold flying across the Atlantic at commercial airliners is significant – JPMorgan said in the Comex Come, plans to move about $ 4 billion from London in New York in February.

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Gold bars fly through the Atlantic to commercial airliners. (Photo by Arne Dedert/Dpa/AFP via Getty Images/Getty Images)

Flights of commercial airline Offer the most cost-effective way to transport gold from one place to another travel journey also necessarily includes the use of armored vehicles and safety to provide it safely at your destination.

Amid uncertainty about the economy and Trump’s tariff plansIn recent months, gold prices have grown to highs throughout the time.

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On Thursday and Friday, about $ 2,950, more than 10% in 2025 and more than 44% more than a year ago.