Switzerland Gold Exports Jump 20% to 177.3 Mt in May, Highest This Year

by George King Cassell
Platts

London (Platts)–21 Jun 2016 935 am EDT/1335 GMT

Gold exports from Switzerland totaled 177.3 mt in May, up 20% from 147.8 mt reported in April, and the highest level since December, Swiss federal customs data showed Tuesday.

The figure is 69% higher than 105.1 mt reported a year earlier.

Exports to China were 36% higher on the month at 19 mt in May, while exports to Hong Kong were 2.5-times as large at 24 mt.

Exports to the US were also up on the month, to 18.9 mt in May, from just 2.3 mt in April.

Continue Reading at Platts.com…