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The Guardian - US

Business

Edward Helmore

JPMorgan’s $4bn delivery of gold bullion adds to fears Trump’s tariffs will reshape global trade

Donald Trump JPMorgan United States Gold Karoline Leavitt Canada Mexico

Large bronze statue of bull on cobblestones — The Charging Bull on Broadway in the financial district in New York City. Photograph: Carlo Allegri/Reuters

US banking giant JPMorgan plans to deliver $4bn of gold bullion to New York this month, before an anticipated escalation of Donald Trump’s trade-rebalancing tariff moves planned for Saturday.

The US bank, the world’s biggest bullion dealer, said it would deliver the hefty raw material, weighed as 30m troy ounces of gold, or 1.875m lbs, against contracts that will expire in February.

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