INSUBCONTINENT EXCLUSIVE:
Traders are rushing to secure gold before potential U.S
The cost to borrow gold for a week has jumped to an annualized rate of about 10%, up from the usual 2% to 3%, as per the World Gold Council
(Photo Internet reproduction)Gold Market TrendsTypically, commercial banks, refineries, jewelers, and manufacturers borrow gold to avoid the
expenses of purchasing and storing it outright
Gold prices have broken records repeatedly this year, climbing another 0.59% yesterday to a new peak of $2,893 per troy ounce.Philip Newman
from Metals Focus reports that overnight gold leasing rates have spiked to 12%
tariffs have driven a gold rush to New York, capitalizing on higher domestic gold bar premiums
London.However, she acknowledges the challenges presented by U.S
