US bank, world’s biggest bullion dealer, says it will deliver raw material against contracts that will expire in February

Summary

JPMorgan is set to deliver 937 tons of gold worth $4 billion to New York amid fears that Trump’s impending tariffs on Mexico, Canada, and China will disrupt global trade.

Gold prices have surged to $2,813 per ounce, and tariff concerns have made flying silver profitable.

Trump plans to impose tariffs on key imports, arguing they will strengthen the U.S. economy, despite inflation risks.

Canada and Mexico are preparing retaliatory measures, while industries lobby for exemptions.