London is in the grips of a gold shortage as traders line up for weeks to get bars out of the Bank of England and ship them to the U.S. amid fears that the new Trump administration will levy tariffs on imports.

Britain's benchmark index hit a record high on Friday and was set to log its best month in more than two years, while investors prepared for the Bank of England's rate decision next week. The blue-chip FTSE 100 hit an all-time high of 8,

People can’t get their hands on gold because so much has been shipped to New York, and the rest is stuck in the queue,” one industry executive was quoted as saying.

LONDON (Reuters) -London bullion market players are racing to borrow gold from central banks, which store bullion in London, following a surge in gold deliveries to the United States on speculation of potential import tariffs there, two sources familiar with the matter said.

The pound was little changed on Thursday as markets were focused on a raft of major central bank meetings that will culminate with the Bank of England next week.

A surge in gold shipments to the US has led to a shortage in London, according to reports. Traders have amassed an almost £66bn stockpile in New York in recent weeks amid concerns over tariffs by the Donald Trump administration, the Financial Times reports.

The Bank of England delayed introducing new rules for banks to avoid putting British firms at a competitive disadvantage to the U.S. where President Donald Trump has promised to cut back on regulation for business,

HOUSE PRICES have slowed at the start of January, according to Nationwide. The building society said the average price of a property increased by just 0.1% month-on-month. This was lower than a

The Daily Telegraph says Heathrow's third runway will not be ready until 2050, according to Ryanair CEO Michael O'Leary. The paper quotes him as saying the airport will not get a new runway "in my lifetime and certainly not in [Reeves'] political lifetime",

The Bank of England on Tuesday announced a new emergency measure to deal with debt-market instability like that seen during Liz Truss’s brief tenure as prime minister in 2022.

Buyers across London and the South East in particular would have been pushing for deals to get across the line, an estate agent said.

A surge in gold shipments to the US has led to a shortage of bullion in London, as traders amass an $82bn stockpile in New York over fears of Trump administration tariffs.