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Why banks are flying gold bars on commercial flights from London to NYC

Why Banks Are Flying Gold Bars on Commercial Flights From London to NYC

by Local News
February 22, 2025

President Donald Trump’s tariff plans have prompted some of the largest banks in the U.S. and Britain to fly gold bars from London to New York City on commercial flights.

Trump’s plans to impose tariffs on U.S. trading partners – including a reciprocal tariff regime that’s expected to be formalized by early April and tariffs on the European Union he hasn’t yet detailed – have spurred banks to relocate their gold reserves.

That move has been driven by a price differential between gold sold in London and New York – The Wall Street Journal reported last week that the prices of gold per troy ounce have been roughly $20 lower in London since early December. London is the main trading location for the physical gold market, while New York is a hub for futures contracts.

Due to the disparity, moving the gold from London to New York can help banks cover what would otherwise have been money-losing trades on gold futures by flying the gold across the Atlantic, allowing them to at least pare their losses or make more money by locking in new futures contracts.

JPMorgan Chase and HSBC are two major players in the market for physical gold and have looked to capitalize on the opportunity, the Journal reported. […]

— Read More: www.foxbusiness.com

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Starting the Day With a Scripture-Inspired Roast Helps Center Your Thoughts on Eternal Truths Amid Temporal Pressures

The world can seem chaotic, especially right after we wake up. Many believers start their mornings reaching for something familiar — a hot cup of coffee — yet end up settling for mediocre brews that do little more than deliver a caffeine jolt. The daily grind of life, with its endless distractions, news cycles, and responsibilities, can leave even the most faithful feeling spiritually parched alongside their physical fatigue. What if your morning ritual could do more than wake you up? What if it could ground you in truth, nourish your body with exceptional quality, and quietly advance a kingdom purpose at the same time?

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The challenge for today’s Christians runs deeper than finding a decent cup. In an age of convenience-driven consumerism, it’s easy to support companies that dilute values or remain silent on matters of faith. Many believers want their everyday choices — from what they drink to how they spend — to reflect discipleship rather than just convenience. Promised Grounds solves this by weaving Christian excellence into the entire process: beans nurtured with prayerful stewardship by farming families, roasted as an offering rather than a commodity, and packaged with Bible verses to encourage a mindset of gratitude and purpose from the first sip. Reviewers consistently praise the smooth, rich profiles — whether enjoyed black in a drip maker, iced on a warm day, or shared in fellowship — noting how the quality stands toe-to-toe with premium secular brands while delivering something far more meaningful.

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If you’re ready to transform your mornings (and perhaps your church gatherings) with coffee that honors both exceptional craftsmanship and Christian values, I encourage you to explore what Promised Grounds has to offer. One sip at a time, you’ll be nourishing your body, refreshing your spirit, and participating in something far greater — all while enjoying what truly is among the best coffee available.

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