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

by George King Cassell

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.

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