Swiss gold exports in January to the US

Switzerland's gold exports increased year after January, since supplies to the United States rose to the maximum in at least 13 years and compensated lower deliveries to the main Chinese and Indian consumers, as shown by the Swiss customs data Thursday.

Switzerland, the largest refining and transit center in the world, together with Great Britain, which is home to the world's largest gold center, saw an increase in gold transfers to the United States in recent months . that some market participants fear could affect gold deliveries.

The concern has expanded the price premium among US gold

According to Swiss data, gold exports from the country to the United States increased to 192.9 tons in January from 64.2 tons in December. This was the largest monthly amount of exports in customs data that date back to 2012.

It is likely that Trump has not mentioned that precious metals are attacked at all, but since the end of November, when he promised to impose tariffs on the products imported from Canada and Mexico, 20.4 million Troy ounces (636 metric tons) of gold Value of $ 60 billion at current prices were delivered to the stores approved by Comex.

These deliveries increased Greex Gold's shares by 116% to 38.0 million ounces, the highest since March 2021, and the liquidity in the London OTC market.