New York's Gold Surge

This is a London news story, published by CNBC, that relates primarily to BullionVault news.

London news

For more London news, you can click here:

more London news

News about jewelry

For more jewelry news, you can click here:

more jewelry news

CNBC news

For more news from CNBC, you can click here:

more news from CNBC

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best entertainment news, business news, world news, and much more. If you like this article about jewelry, you might also like this article about

gold demand

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest physical gold deliveries news, annual gold demand news, news about jewelry, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

Gold exports

CNBC

•

Entertainment

America's appetite for gold is 'sucking' bullion out of other countries

Summary

Nutrition label

86% Informative

There's a "glut of gold" in New York's vaults, BullionVault 's director of research, told CNBC .

More than 600 tons , or almost 20 million ounces of gold, has been transported into New York vaults since December last year .

Trump recently declared that sweeping U.S. tariffs on imports from Mexico and Canada will be going forward after a postponement on their implementation expires next week .

There are lurking concerns that broader tariffs also come into play in the U.K. and Switzerland .

London , often referred to as the terminal market for gold, experienced a big impact from the shift.

London 's gold reserves in London 's vaults fell for the third consecutive month in January .

Large gold bars are also being pulled out of London to other refineries around the world.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity