Swiss gold exports to China rebound after coronavirus slump

Reuters/Staff

Repost from 6-1-2021

“Swiss customs data show exports of 40.2 tonnes of gold worth around $2.5 billion at current prices to China in April — more metal than was sent in the last 14 months combined.”

USAGOLD note: Likely, there is considerable pent-up demand for gold and silver rattling around China’s economy. A similar scenario is developing in India and other Asian markets. Reuters says Chinese demand “has helped fuel” gold’s gains over the $1900 mark.

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