China’s DeepSeek artificial intelligence (AI) platform has stunned the world, outperforming US AI models while using just a fraction of their resources.
Gold prices remain steady, hovering near the middle of their daily range after weaker-than-expected U.S. labour market data signaled further economic uncertainty.
Bloomberg News reported that "gold in the Bank of England vault is trading at a discount as Trump tariff fears spark a scramble for bullion, causing weeks-long withdrawal queues."
Meanwhile, big players in the gold market are reportedly begging central banks to borrow gold stored in London vaults to fulfill the surging demand for physical metal.