BoE Deputy Governor Ramsden (Q&A), on BoE custody of Venezuelan gold, says it is carried out under great confidentiality; the gold is subject to a court case; says 400k gold bars are in its vault; BoE has 'seen more business' on physical movement of gold

BoE Deputy Governor Ramsden (Q&A), on BoE custody of Venezuelan gold, says it is carried out under great confidentiality; the gold is subject to a court case; says 400k gold bars are in its vault; BoE has 'seen more business' on physical movement of gold.

The remarks from BoE Deputy Governor Ramsden highlight the complexities surrounding the Bank's custody of Venezuelan gold, especially amidst ongoing legal proceedings. This confidentiality and the mention of increased physical gold movements could signal heightened demand for gold and have implications for both commodity markets and GBP as investors assess central bank policies and geopolitical risks.