Gold exports from Switzerland totaled 160 metric tonnes in August, down 7 percent from 172 metric tonnes a year earlier, Swiss federal customs data showed today.
The figure is 17 percent lower than 192 metric tonnes in July, the largest flow out of the country this year. August is also the lowest monthly export total since April.
Switzerland is the world's largest refiner and exporter of gold and total exports from the country now stand at 1,197 metric tonnes for the year to date, up 3 percent from 1,160 metric tonnes in the same period of 2015.
In a marked change from the traditional flow of physical gold from west to east, the UK continues to be the largest destination for Switzerland's gold this year at 84.6 metric tonnes in August, up 6 percent from July. ...
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http://www.platts.com/latest-news/metals/lond...xports-down-...
