One other facet of the Swiss Gold export knowledge is price mentioning: Gold shipments to the US slumped to 12.7 tons in April, whereas on the similar time 63 tons of Gold have been shipped from the US to Switzerland, Commerzbank’s FX analyst Michael Pfister notes.
Gold shipments to the US stoop in April
“Within the earlier three months, a complete of 449 tons of Gold had been shipped from Switzerland to the US. The reversal in course is as a result of improvement of COMEX Gold inventories. These had risen massively within the first three months of the 12 months attributable to issues about doable US import tariffs.”
“Because the starting of April, there was a steady decline in COMEX shares as Gold has been exempted from the tariffs.”
