Swiss gold refiners are opposing the idea of shifting refining capacity to the United States, viewing the tariffs-driven export surpluses as temporary. The Swiss government is looking for ways to encourage President Donald Trump to reduce his 39% tariff on Swiss goods, which has impacted companies and the economy. Christoph Wild, president of the Swiss Association of Precious Metals Producers and Traders, advises against making rushed decisions. Recent surpluses in gold exports to the US in late 2024 and early 2025 are considered unusual, attributed to traders front-loading shipments ahead of potential tariffs. ... (full story)