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Jan Nieuwenhuijs: What caused the New York vs. London gold price spread and why it persists
1201p ET Thursday, April 30, 2020
Dear Friend of GATA and Gold:
Voima Gold researcher Jan Nieuwenhuijs today examines why gold prices in London and New York have yet to consolidate and concludes that it likely involves the difficulty bullion banks are experiencing in closing short positions and the general retreat from gold trading that has been ordered by risk managers at the banks.
This seems to echo comments made yesterday by GoldMoney research director Alasdair Macleod to King World News:
Nieuwenhuijs' analysis is headlined "What Caused the New York vs. London Gold Price Spread and Why it Persists" and it's posted at Voima Gold here:
https://www.voimagold.com/insight/explaining-the-new-york-vs.-london-gol...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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