The London gold market will need to allow delivery outside of the city if the coronavirus pandemic leads to more stringent travel restrictions, the CEO of the London Bullion Market Association said.
The UK’s capital has been a key hub for global gold trading since at least 1732, when the Bank of England first established a vault in the city. As the coronavirus snarls global logistics, traders are being forced to consider what would happen if gold could no longer be shipped in and out of London.