Switzerland, Import of 63 tons of American gold... Monthly maximum since 2012

Switzerland imported 63 tons of gold from the United States in April, marking the highest monthly import volume since 2012. This size exceeds 2.5 times the previous month's import volume of 25.5 tons, indicating a significant change in the flow of gold imports.

According to Reuters, this surge appears to be due to the US government's tariff exemption measure on imported gold items. Until recently, gold traders had been moving large quantities to Switzerland, the United Kingdom, and others due to concerns that widespread tariffs could be applied to US imported gold. As a result, a flow is being observed where gold routed through Switzerland is flowing back into the UK.

Switzerland is the world's largest gold refining and transportation hub, while the UK functions as a key hub for over-the-counter gold trading. In April, Switzerland's total gold exports decreased by 31% compared to the previous month, but exports to the US plummeted from 103.3 tons in March to 12.7 tons. This is interpreted as being influenced by the inflow of US gold into Switzerland, affecting the structure of Swiss gold exports.

During the same period, gold exports from Switzerland to China were 17,355 kg, India was 8,581 kg, and the UK was 13,270 kg, each showing an upward trend but still not reaching the level of the same period last year. These figures suggest subtle changes in global gold distribution routes and could potentially impact future international gold prices and related industries.