Swiss gold exports to China hit highest since January
By GCRU Gold News on Saturday, October 22 2016, 04:01 - Permalink
Swiss gold exports to China hit their highest since January last month, Swiss customs data showed on Thursday, though a sharp drop in shipments to Hong Kong meant exports to Hong Kong and China combined were sharply lower year on year.
The United Kingdom remained the biggest recipient of Swiss gold exports for a seventh straight month, receiving 52.162 tonnes of bullion.
Switzerland exported 35.5 tonnes of gold to China in September, the data showed, 64 percent higher year-on-year and up from 19.884 tonnes the month before. But shipments to Hong Kong dropped to 11.537 tonnes from 59.76 tonnes a year earlier.
Exports to India rose to 27.592 tonnes from 22.971 tonnes.