WSJ reports US gold shortage

US, WASHINGTON (ORDO NEWS) — Amid the coronavirus pandemic, American investors and bankers faced a serious shortage of gold bullion and coins. On Friday, March 27, reports of The Journal the Wall Street General.

According to the publication, in London, bankers rent private or try to find military cargo planes to deliver their bullion to exchanges in New York. In addition, Wall Street investors asked Canada for help.

“The Royal Canadian Mint has been inundated with requests for increased production of gold bullion, which can be shipped to New York,” the publication said.

It is noted that Credit Suisse Group AG, which has been minting its own ingots since 1856, informed customers this week that they have ended.

The price of gold futures in the United States this week rose by about 9%, to about $ 1,620 per troy ounce. Thus, prices reached a seven-year high.

On March 24, it was reported that trading on the New York Stock Exchange ended with a significant increase in key indices amid expectations of approval by the US Congress of additional measures to support the economy in the context of the coronavirus pandemic.

On the same day, US President Donald Trump said that after 15 days, US authorities will decide when to resume work in the industrial sector .

The US takes the first place in the number of cases of COVID-19 disease, more than 104 thousand cases of infection with a new coronavirus have been recorded . 1695 people died. The president said that the reason for such leadership was the conduct of mass testing.


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