Shortage of large gold bars leads to rare London premiums

Shortage of large gold bars leads to rare London premiums
London 15/01/2014 – The London bullion market has seen intermittent shortages of 400-ounce bars, traders in the City told FastMarkets, pushing premiums for physical delivery for these large bars as high as 50 cents.

This shortage may have been driven by several factors, including a scramble for physical delivered material after the end of the year and reduced availability due to good delivery bars flowing from London to the Far East, they suggested.

Posted on January 15, 2014 by Eddie van der Walt Read More

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