LONDON, 26 March 2020 - Widening anti-virus lockdowns are blocking gold's usually smooth flow from London to the United States, reports leading US finance news-site MarketWatch today, quoting Adrian Ash, director of research at BullionVault.
"London is the heart of global precious metals trading," he says, but "those stockpiles can't reach other global trading centers so easily. Monday's UK lockdown announcement sparked Tuesday's $100 premium for New York settlement and it's what's spooking traders in Comex derivatives."
Read Adrian's full analysis at MarketWatch here:
Gold suffers pricing issues as coronavirus shuts down supply sources