In January, Swiss gold exports to the U.S. reached a record high of 193 metric tons, driven by fears of potential tariffs. This surge, exceeding the total for 2024, was triggered by a premium on Comex gold futures, creating a profitable opportunity for traders to deliver gold to U.S. warehouses. Due to differing bar sizes between London and New York, gold is typically refined in Switzerland before being shipped to the U.S. This influx contributed to a significant increase in gold held in Comex depositories and a near doubling of Switzerland’s total gold exports.
US Gold Influx: Swiss Exports Surge to Unprecedented Levels
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