Warning Sign: Swiss Gold Exports to the United States Rocketed in March

Warning Sign Swiss Gold Exports to the United States Rocketed in March

Warning Sign: Swiss Gold Exports to the United States Rocketed in March

April 27, 2022 48 view(s)

Swiss shipments of gold to the United States surged in March to their highest since May 2020, Swiss customs data showed, as investors spooked by Russia's invasion of Ukraine and the threat of a global economic slowdown stocked up on bullion.

Switzerland's exports to Britain, which like the United States is a centre for gold investment and trading, also rose, while shipments of gold to China and India, the biggest consumer markets, fell sharply.

Switzerland is the world's biggest refining and transit centre for gold, an asset typically seen as a safe place to store wealth in times of economic and political turmoil.

 


Get Our Free
Gold & Silver
Investor's
Guide

Info


By clicking the button, I agree to be bound by your Privacy Policy, User Agreement, Market Loss Policy, Electronic Disclaimer, and Terms & Conditions of Sale.