JPMorgan will deliver $4B in gold to NY in February.

JPMorgan will deliver gold bars worth over $4 billion to New York futures contracts in February, due to rising gold prices and threats of import tariffs following Donald Trump’s election. The bank is one of several institutions planning to deliver gold under contracts on the CME Group’s Comex. The announcement of the delivery of 30 million troy ounces of gold is the second largest since 1994. Fears of tariffs have led to a surge in gold prices on Comex compared to spot prices in London, creating