Gold squeeze continues.

Pressure on the OTC market in London from demand for physical metal in New York is beginning to show signs of spilling over into gold option pricing.

• Increased economic uncertainty and uncertainty around the potential for disruption owing to President Trump’s tariff policy is leading to a significant dislocation in the COMEX futures and London gold markets.

• Gold is flowing to New York in large size to meet this demand.

• The Loco London market is facing a squeeze with lending rates rising and concerns a…