{"id":119731,"title":"Analysis: The Bank of England gold rush that’s pushing up the price","publisher":"Share Talk","author":"sharetalk","published":"2025-02-15T10:54:56+00:00","modified":"2025-02-15T11:01:44+00:00","canonical_url":"https://www.share-talk.com/analysis-the-bank-of-england-gold-rush-thats-pushing-up-the-price/","markdown_url":"https://www.share-talk.com/analysis-the-bank-of-england-gold-rush-thats-pushing-up-the-price.md","json_url":"https://www.share-talk.com/analysis-the-bank-of-england-gold-rush-thats-pushing-up-the-price.json","category":"B2B","categories":["B2B","Blogs","Business & Support Services","Exclusive Interviews","Mining"],"tags":["Brent Crude","Budget","canada","Chancellor","china","chinese","Donald Trump","economy burdened","GDP","geopolitical","global","Gold","goods","Hong kong","inflated prices","investors","Japan","Justin Trudeau","LBMA","London","Mexican","Mexico","tariffs","tensions","UK","UK economy","USA","World Gold Council"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/02/gold-15-feb.webp?fit=1200%2C800&quality=80&ssl=1","format":"news","language":"en-GB","content":"Deep under the Bank of England, in a network of vaults into which cameras are rarely admitted, sits the world’s second-biggest known trove of gold.\n\nSky’s Ed Conway explains why the Bank’s vaults have been seeing heavy outflows of gold and the consequences of this exodus.\n\n**Gold Nears Record High as Trump’s Tariff Order Fuels Safe-Haven Demand**\n\nThe price of gold has surged close to a record high after Donald Trump’s call for reciprocal tariffs increased demand for the precious metal as a safe-haven asset.\n\nSpot gold climbed 0.6% to approximately $2,937 per ounce. The metal has already gained over 11% this year, following a 27% surge in 2024.\n\nWael Makarem of Exness attributed the rise to heightened investor caution, stating: “The market’s reaction reflected growing concerns about potential escalations in global trade tensions.”"}