$100+ Premium Emerges Between New York and London Gold Markets on Tariff News

25.08.08

Gold futures in New York surged to an all-time high of $3,534.10 per ounce after reports that the US will impose tariffs on one-kilogram gold bar imports. The December futures contract jumped to a premium of over $125 per ounce above London spot prices before settling around $101. According to…

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