Gold price sets new all-time high amid tariff threats

[Gold Weekly #248] Gold Price: $2,795.25 News: Gold stockpiling in New York leads to London shortage

Gold Weekly

Jan 31, 2025

Your weekly summary of the most important gold news and analysis of the last week.

Gold price USD/OZ: $2,795.25 [View live gold price.]

Change from last week: $21.48 (0.77%)

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Gold news

Gold price sets new all-time high amid tariff threats

Gold price surges to record high and hovers near $2,800

Gold stockpiling in New York leads to London shortage (archive)

“Wait to withdraw bullion from BoE rises sharply as fears of Trump tariffs drive shipments to US.”

Gold hits new record price on FT 'shortage' claims

“The gold price in London set a new record on Thursday in US Dollar terms after the Financial Times reported how a "surge" of shipments to New York – now running for over 7 weeks, in fact – is causing a "shortage" of bullion in the precious metal's central marketplace and storage hub.”

Precious metals markets in turmoil as tariff threat sparks transatlantic scramble for gold and silver bullion

Analyst Ronnie Stoeferle: "Central banks in emerging markets drive up gold price"