JP Morgan's gold trading team has moved from New York to Singapore

More than fifty traders are required to arrive in Singapore within a week

It seems they are really afraid of the Pacific unplugging the internet

What does this mean?

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1. This month, JP Morgan completed the largest physical delivery, 4 billion USD of physical gold

2. Singapore has no gold import tariffs

3. JP Morgan's private banking business is attracting high-net-worth users' funds flowing out of the US

4. Jamie Dimon visited the Shanghai Gold Exchange last week