Swiss gold exports to China slow but shipments to Turkey surge

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Reuters UK

LONDON (Reuters) – Swiss exports of gold to China fell in August from July’s 5-1/2-year high, while shipments to Turkey rose to their highest since June 2013, Swiss customs data showed on Tuesday. Falling gold prices in recent months have seen metal flow from commercial vaults in the United States and Britain to countries in Asia, which have large consumer markets for gold and typically take advantage of low prices. Switzerland is the World’s biggest refining and transit hub for gold and its data offer insight into global market trends. The customs figures also showed that Switzerland imported…

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