The Bank of England is selling gold from its vault at a discount of more than 4 pounds per ounce compared to the price on the London market, prompting traders to rush to acquire it before potential tariffs announced by Donald Trump. The price of gold has risen to $2,864.99 per ounce, while gold bars have reached their highest price in the past month. The Bank of England holds over 400,000 gold bars worth more than $450 billion, which it mainly stores for other central banks and traders.
Bank of England sells gold cheaper than market price.
