FirstFT: Venezuela nears deal to transfer $4bn gold reserve to New York

Also in today’s newsletter: top Republican warns Hispanic voters feel ‘betrayed’ by Trump and Wall Street trading boom fades

The top 3

  1. Venezuela Nears $4bn Gold Transfer to New York: Venezuela's government and opposition are nearing a deal to move 31 tonnes of gold from the Bank of England to the Federal Reserve Bank of New York to serve as collateral for reconstruction loans following June's earthquakes.
  2. Top 3 Countries by Gold Reserve Size: The world's largest gold reserves remain concentrated in Western nations, with the US holding a massive lead that has been stable for decades.
  3. Major Nations with Gold in US Custody: The Federal Reserve Bank of New York manages one of the world's largest gold vaults, holding assets for over 36 foreign governments and institutions.

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