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Gold reserves in London vaults rise in April as bullion returns from US
The London Bullion Market Association said on Thursday that gold held in London vaults totalled 8,536 metric tons at the end of April, up 0.6% from the previous month, as more of the precious metal returned from New York to London after dislocation. The premium of the most active COMEX gold futures' over London spot prices normalised in April, when the Trump administration excluded the precious metal from broader U.S. import tariffs, after being elevated for months. Market players had increased gold deliveries to the U.S. in the December-March period to cover their COMEX positions against the possibility that the ... (full story)
