SWAZILAND May 26 2017 2:43 PM
ZURICH (Scrap Register): Switzerland imported 157.9 tons of gold during the month of April this year, the lowest volume since August 2014, said Commerzbank in a snippet.
Analysts cited a customs data showing that imports from Great Britain decreased to 4.6 tons, presumably because gold exchange-traded funds saw inflows last month, stripping supply from the market. Switzerland also exported less gold at 121.3 tonnes, with much going to Asia.
While exports to China nearly tripled year-on-year to 40.3 tons, exports to Hong Kong remained at the very low level of 12.9 tons.
Gold trading between Hong Kong and the Chinese mainland – the respective data will be published today – is thus likely to have been correspondingly muted.
By contrast, Swiss gold exports to India were robust and more than doubled year-on-year to 48.3 tons.