The gold volumes sent to the United States exploded in July

Switzerland’s gold exports to the United States flew in July. Similarly, Almost five times more precious metal has been sent to this country compared to July 2024. Furthermore, or 54 tonnes for a value of almost 4.7 billion francs. Similarly, – Gold volumes sent united states new

(Keystone-ATS) In all, Switzerland exported last month 139 tonnes of gold for a value of 12 billion francs, an increase of more than half, according to the figures published Thursday by the Federal Customs and Front gold volumes sent united states new Safety Office (OFDF).

Over the first six months of the year. around 480 tonnes of precious metal left Switzerland towards the country of Uncle Sam, for a value of almost 40 billion francs. A year earlier, shipments were limited to 26 tonnes before climbing 127 tonnes in the second part of the year. From January to March, volumes oscillated between 118 and 219 tonnes.

The appetite for bruises transformed into Swiss refineries was fueled by the constitution of stocks across the Atlantic. in order to prevent any surcharge on the part of the administration of Donald Trump. The precious metal also played its role of refuge value in the face of the weakness of the dollar.

In early August. the Swiss association of manufacturers and traders of precious metals (ASFCMP) had cold sweats by understanding that ingots would be subject to customs duties of 39%, like the other goods with the white cross gold volumes sent united states new entering the American territory. Shortly after, Donald Trump communicated on his social social platform that “gold will not be subject to customs duties!”. The ridge was awaiting a “formal and restrictive decision” as to this exemption.