Switzerland’s gold exports recorded a strong performance in December, with shipments to the United States reaching their highest level since 2022. This positive growth highlights the continued strength of international trade and the dynamic movement of precious metals across key markets.
As a major hub for bullion refining and transit, Switzerland plays a vital role in facilitating global trade. In December, the country’s gold exports to the U.S. surged to 64.2 metric tons, reflecting a significant increase from 3.3 tons in December 2023. This rise aligns with ongoing market adjustments and evolving trade conditions, ensuring stable supply chains for precious metals.
The global gold market has also seen increased activity in storage and trading hubs, with inventories expanding to accommodate growing demand. Over the past two months, approximately 401 metric tons (12.9 million troy ounces) of gold were added to key stockpiles, supporting overall market stability.
While shipments to China moderated in December, key trade destinations such as India, the Middle East, and Europe continue to reflect steady demand, reinforcing Switzerland’s essential role in global trade flows. The expansion of gold exports underscores the resilience and adaptability of the international trade landscape.
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