You are here
Banks' gold traders reaped $500 million as tariff panic set in
By Jack Ryan and William Shaw
Bloomberg News
via Fortune, New York
Monday, June 9, 2025
Precious metals traders at top banks including JPMorgan Chase & Co. and Morgan Stanley posted their best performance in five years in the first quarter, in part thanks to an arbitrage opportunity that sparked a rush of bullion into the U.S.
... Dispatch continues below ...
... ADVERTISEMENT ...
Are you ready to safeguard your assets using precious metals?
Hero Bullion is a precious metals dealer with an extensive inventory of competitively priced gold, silver, and platinum products.
We didn't get into this business just to sell metals. Our goal is to educate investors to help them make sounder financial decisions. For four years we have focused on educational resources, competitive prices, and reliable, secure shipping.
Check out our reviews. Hero Bullion is quickly becoming a favorite of customers all over the country. We're committed to helping you cut through the hype and build your portfolio with high-quality, affordable precious metals.
Visit us here: www.herobullion.com
Hero Bullion: Gold and silver simply delivered
Twelve leading banks together made $500 million in revenue from precious metals in the first quarter of 2025, the second highest figure in a decade of data compiled by Crisil Coalition Greenwich. That's approximately twice the average earnings per quarter over the past 10 years, the market intelligence firm's data showed.
Some of the windfall came from a lucrative premium for bullion in the U.S., as fears that precious metals would be subject to tariffs prompted dealers to ship huge volumes of gold and silver into U.S. futures exchange warehouses. ...
... For the remainder of the report:
https://fortune.com/2025/06/09/bank-gold-traders-trump-tariff-trade-war-jpmorgan-morgan-stanley/
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
Donations of $250 will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
