America's appetite for gold is 'sucking' bullion out of other countries
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The United States is importing large amounts of gold, causing a 'glut' in New York's vaults and disrupting global supply chains. This is in anticipation of potential tariffs, according to experts from BullionVault and the World Gold Council.
February 28, 2025 | 1:15 am
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The US's increased gold imports could impact AAAU, a gold-backed ETF, as it may influence gold prices and demand.
AAAU is a gold-backed ETF, and the US's increased gold imports could affect gold prices, potentially benefiting AAAU if prices rise due to increased demand or supply chain disruptions.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80