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Gold vault holdings in London rise
From redwardassociates.substack.com
The LBMA report total gold holdings in the loco London market (inside the M25 ring road) amounted to 292,777koz (9,106.4t), up 6,417koz on the prior month. In a note last month I commented that I expected low lease rates to start delivering gold back to the Bank of England and this proved to be the case. Holdings at Threadneedle Street rose 166,508koz (+2,239koz), while those held in private vaults also increased, to 126,269koz, up 4,178koz. chart The rise in holdings in London has been driven by the confluence of re-depositing of gold back in the Bank of England’s vaults, and ongoing demand for gold-backed ETFs. ... (full story)
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- Jan 9, 2026 8:59pm Posted byFundamental Analysis319
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