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Commodities

Vault Space Crunch Hits Gold Market Amid Demand Surge

Guavy AI Editorial Team
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Gold
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The gold market has seen a surge in demand for physical bars and coins, leading to a shortage of vault space.

Gold dealers Sharps Pixley and MKS Pamp are struggling to accommodate clients' increasing demands for storage, with the former's vaults packed 'floor to ceiling.'

MKS Pamp's chief commercial officer Omar Leiss stated that he is seeking to build a substantial new vault specifically catering to high-net-worth individuals investing $50 million or more.

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