Malca-Amit to CME: It's Not You, It's the Gold

Malca-Amit Armored requested immediate removal of its Wilmington, Delaware vault from CME/COMEX’s approved depository list, forcing any deliverable gold, platinum, or palladium stored there to be transferred or reclassified outside the delivery system. While framed as an administrative change, the move lands during a sharp gold rally marked by tighter liquidity, rising retail participation, margin changes by CME, and broader strain across the precious-metals ecosystem. The article suggests the withdrawal is a small but notable sign that stress is extending beyond paper pricing into physical market infrastructure, which could matter for COMEX delivery reliability and sentiment around gold’s underlying supply-demand conditions.