Gold Exports from Switzerland Surge 30% in March, Driven by UK Demand
Switzerland's gold exports increased by 30% in March, with significant shipments to the UK, reaching their highest level since December. The UK, a major hub for over-the-counter gold trading, received 57.6 metric tons of gold, up from 19.8 tons in February. This surge is attributed to gold returning from the US after previous outflows. Meanwhile, exports to China rose by 18%, while shipments to India decreased due to lower local demand. Switzerland remains a key player in global gold refining and transit.