Bank of England lending gold to GLD again?

A run on gold caused tightness in the physical gold market in the first quarter of this year. Due to the coronavirus, many planes are on the ground, which makes it more difficult to get physical precious metal to the right place in time. In recent months, these logistical problems have led to longer delivery times and disrupted the pricing of gold in New York. The shortage in the market was so great that the Bank of England had to step in again for the first time in four years. In the first quarter, the central bank once again made gold available to the world’s largest gold ETF.

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