U.S. imports record amount of gold from Switzerland as virus upends trade
Swiss exports of gold to the
United States leapt to 111.7 tonnes in April — by far the
biggest monthly total on record — while shipments to other
destinations dwindled, customs data showed on Tuesday.
The global gold market has been turned on its head by the
novel coronavirus, with demand in China and India collapsing due
to lockdowns while in the West investors rushed to buy bullion
as a safe asset to weather a period of financial turmoil.
High prices o
United States leapt to 111.7 tonnes in April — by far the
biggest monthly total on record — while shipments to other
destinations dwindled, customs data showed on Tuesday.
The global gold market has been turned on its head by the
novel coronavirus, with demand in China and India collapsing due
to lockdowns while in the West investors rushed to buy bullion
as a safe asset to weather a period of financial turmoil.
High prices o
Posted by Reuters