Swiss gold exports fall to 10-month low amid sky-high prices
From brecorder.com
Swiss gold exports fell to their lowest in ten months in April as shipments to India, China and Turkey shrank, Swiss customs data showed. The decline coincided with a period of very high bullion prices, which tend to suppress consumer demand, particularly in Asia. Turkey has also imposed some restrictions on gold imports after a devastating earthquake in February. Switzerland is the world’s biggest bullion refining and transit hub. China and India are the largest consumer markets for gold and Turkey has been a major importer in recent months as inflation runs rampant. Gold averaged $2,001 an ounce in April, its ...
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