Switzerland’s gold exports rise 30% as investors seek safe haven amid global uncertainty

Switzerland’s gold exports rise 30% as investors seek safe haven amid global uncertainty

From kitco.com

Swiss gold exports rose 30% month-on-month in March, with shipments to Britain jumping to their highest level since December, while exports to China rose 18%, according to the latest Swiss customs data. Deliveries from Switzerland to the UK rose to 57.6 tonnes last month, up from 19.8 tonnes in February, as gold continued flowing back from the United States after last year’s massive tariff-driven outflows. Switzerland is the world’s largest bullion refining and transit hub, while London is the world’s largest over-the-counter gold trading hub. Supplies to India, the world’s number-two bullion consumer, fell ... (full story)

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