Much of the gold has been shipped to New York City where the commodity is, for the moment, worth substantially more than in the U.K. capital. The U.S. bank JPMorgan and the U.K.’s HSBC are two ...

Banks shipping gold bars from London to NYC on commercial flights to take advantage of price difference and futures market.

“There is incredible demand for physical gold in New York markets,” he said, referring to it as a “physical gold rush.” Myra P. Saefong, assistant global markets editor, has covered the ...