US gold magnet: banks fly bullion from Asia-focused hubs to benefit from premium
Source: Live Mint MUMBAI, Feb 3 (Reuters) – Global bullion banks are flying gold into the United States from trading hubs catering to Asian consumers, including Dubai and Hong Kong, to capitalize on the unusually high premium that U.S. gold futures are enjoying over spot prices. Traditionally, bullion banks transport gold eastward from the West…