Swiss gold exports at highest since 2016 on U.K. demand
“Bullion deliveries to London held at a seven-year high last month driven by a surge in investors seeking haven assets.”
USAGOLD note: Given the destination of Swiss bullion – exchange traded furds, according to this Bloomberg report – British funds and institutions appear to be stocking up on gold in advance of Brexit. “The City” is hedging its bets. Year to date, gold is up 20.6% in British pounds.
Chart courtesy of TradingView.com