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The Independent UK

James Liddell

Why are U.S. banks flying gold from London to New York?

Gold Donald Trump London New York Bank of England Comex HSBC JPMorgan United States

Deep under London’s Threadneedle Street lies an intricate network of tunnels holding the world’s second-largest depository of gold.

The Bank of England’s nine heavily fortified vaults hold hundreds of tonnes of the precious metal valued at more than £200 billion ($252 billion).

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Top stories on inkl right now

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Remember, it's (almost) always the feds.

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Mamdani orders review of NYPD's use-of-force policies as progressives call for greater change

Mayor Zohran Mamdani has ordered the New York Police Department to conduct a sweeping review of how officers use force against civilians

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